Following a number of acquisitions since Livingbridge’s investment in 2017, Andrew explains that TSA understand their market well and has an active pipeline of potential targets, but that it is keen to hear from advisors if they know any interesting businesses.
Andrew comments that TSA is particularly keen on acquiring or partnering with companies that can help it further diversify its offering with complementary project management service lines in the property, infrastructure and resources industries. It is also keen on opportunities that can help with geographic expansion, primarily in Western Australia, South Australia and the Northern Territory in Australia and the South Island in New Zealand.
When considering their target companies, Andrew is looking for sustainable businesses with 10 to 40 staff that are currently doing well but could benefit further from joining a larger player. Ideally TSA are looking for owner-operator firms and while TSA welcomes management to stay on, it is willing to help with early succession planning.