TIS acquires National Specialist Projects
HMT LLP, advised Key Capital Partners backed TIS on their acquisition of National Specialist Projects, a smoke control and ventilation specialist.
NSP is a smoke control specialist for high-rise buildings; designing, installing, maintaining and certifying advanced smoke ventilation systems that protect lives and properties. Its next-generation solutions include smoke shafts, window systems, staircase systems, mechanical smoke ventilation systems, stair core pressurisation systems and car park ventilation systems. NSP’s fully compliant smoke control systems meet all relevant EN standards and are CE marked.
TIS is an independent systems integrator, specialising in driving digital transformation and integration across the life safety, security and communications industry. They design, install and maintain smart, reliable and highly compliant fire protection, access control, security, intruder alert, CCTV and communications solutions for retirement villages, care homes, universities, public spaces and the Ministry of Defence.
NSP will become an important part of the TIS group and together, both businesses will complement and enhance each other, resulting in accelerated synergised growth. The 20-strong NSP team will continue to operate from its Kidderminster headquarters, expanding TIS’ West Midlands presence, with TIS’ offices in Mansfield, Nottingham, Birmingham, Leeds and Uxbridge expanding NSP’s reach to a national level.
HMT, undertook financial due diligence on this transaction.
Chris Sutton, Chief Financial Officer at TIS, commented:
“NSP and TIS are businesses built on closely aligned principles; excellence through design, compliance and exceptional customer service. Bringing the NSP team into the TIS family represents a strong proposition for value creation and a unique and compelling offering for customers. I thanks Paul and the team at HMT for their support throughout the acquisition process.
Hanna Kirkup, Investment Manager at Key Capital Partners, commented:
“The acquisition of NSP brings a complementary and innovative offering to TIS’ market-leading capabilities. We are excited about what the future holds for the TIS group. Thanks to HMT for your support on this transaction.”
Paul Read commented:
“We are delighted to have advised TIS on their acquisition of NSP. The acquisition further supports TIS’s growth ambitions. We look forward to work with them again as the business grows.”
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