Skerritt Electrical Limited (Skerritts) is pleased to announce that it is joining TSG Solutions Group SAS, the leader in technical services for sustainable mobility solutions.
The acquisition announcement follows the rapid growth of TSG in the new energies sector (including EV, solar, gas and battery storage) as customers look to reduce their carbon footprint and adopt alternative fuels.
Skerritts is a leading electrical design-and-build contractor in the commercial, industrial and residential construction sectors. WIth TSG, it will continue to focus on its core clients and business activities, while leveraging TSG’s expertise in new energies to enhance its service offering.
Skerritts Managing Director Steve Hulse commented: “TSG Group has a strong reputation for excellence within the sustainability sector and by joining forces with Skerritts this provides an exciting opportunity to leverage our combined strengths and drive innovation in the industry”.
Skerritts Director Steve Hall added: “We are extremely excited to join forces with TSG, giving us the scale to expand our core business operations, while accelerating the transition to energy-efficient buildings and greener infrastructure.”
Skerritts was advised by CapEQ (M&A) and Gateley’s (legal).
CapEQ’s Mark Sapsford commented: “From the onset it became clear that Skerritts is the perfect fit for TSG to upscale deployment and servicing of clean energy solutions needed to achieve carbon neutrality in the construction industry.
TSG, the European leader in technical services for responsible mobility, is a key enabler of the energy transition for mobility. With an unequalled presence in 30 countries, TSG designs, builds and maintains all types of energy distribution infrastructures for mobility: electric vehicles charging network, LPG/LNG, hydrogen and also fuel/biofuel service stations.
TSG offers a one-stop-shop (equipment sale, projects and maintenance services, digital payments and systems) for innovative energy and retail solutions. TSG serves all types of clients, in the public and private sectors from local authorities and retail to gas station networks and companies fleet installations.
TSG employs over 6,000 people and its annual revenue reached one billion euros at the end of April 2024. TSG’s technicians are uniquely skilled, with recognized expertise in all new mobility energy solutions: electric vehicles, hydrogen, biofuels and natural gas as well as related systems and payment services.
TSG is a privately-held company, owned by its management and the entrepreneurial investment firm HLD.
Founded in 1986, Skerritts is an established electrical engineering services provider within the commercial, industrial and residential construction sectors having completed hundreds of large scale projects including the design and installation of the electrical services for; Birmingham’s New Wholesale Markets; DHL’s Operationally Carbon Neutral Hub Facility in Coventry; new headquarter buildings for blue-chip clients such as Motability and Hankook Tyres, and over 5000 Residential Apartments and 3000 Student Rooms across various developments in the UK.