Operating Company Industrial Services

TSG Group

Le Plessis-Robinson, Île-de-France, France

European technical services group and leader in responsible mobility. Designs, builds, and maintains energy distribution infrastructure for mobility and the energy transition, including EV charging networks and multi-energy stations (LPG/LNG, hydrogen, biofuels), with turnkey equipment supply, maintenance/services, and digital/payment solutions for public and private customers.

Focus Areas
Energy distribution infrastructure (EV charging, hydrogen, LPG/LNG, biofuels), Fuel/biofuel station construction & maintenance, Equipment, installation and maintenance services

Tracked deals

10

10 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

6 buyout · 4 addon

TSG Group Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for TSG Group. 7 2021 2 2022 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    TSG Solutions, HLD, entrepreneurial investment group
    Target
    Powertek Utilities, Van der Heijden
    Industry
    Energy
    Location
    United Kingdom
    Type
    Addon

    TSG (with support from HLD) continues its European acquisition strategy with two targeted deals: it is integrating Powertek Utilities in the United Kingdom and Van der Heijden in the Netherlands. The acquisitions broaden TSG’s capabilities in electrification, networks, and industrial infrastructure to better serve the energy-transition market.

  • Buyer
    TSG
    Target
    Ranzato Impianti Srl
    Location
    Veneto, Italy
    Type
    Addon

    TSG has acquired Ranzato Impianti Srl, an electrical and energy-services firm based in Padua, Italy. The deal — an add-on to TSG's roll-up in Europe — brings nearly 200 employees and over €30 million in revenue, strengthening TSG’s capabilities in electric mobility, electrical installations, thermo-hydraulics and energy-efficiency services while expanding its Italian footprint.

  • Buyer
    TSG (TSG Ibérica)
    Target
    HEMAG S.A.
    Location
    Madrid, Spain
    Type
    Buyout

    TSG, the European technical-services group for responsible mobility, has acquired Madrid-based electrical services and engineering firm HEMAG S.A. The deal brings HEMAG's ~160 engineers and technicians and €13m turnover into TSG's Iberian electrical division to accelerate EV charging and electrical infrastructure capabilities in Spain.

  • November 11, 2021
    Buyer
    TSG Group
    Target
    S2D
    Location
    Loire-Atlantique, France
    Type
    Buyout

    TSG Group (through TSG France) has acquired S2D, a Cordemais-based construction and technical-fluids installation specialist that designs, builds and maintains private fuel and lubricant stations for professional and industrial customers across France. The acquisition strengthens TSG’s capabilities and presence in the private fleet and industrial markets by adding S2D’s installation and maintenance expertise and nationwide technician network.

  • Buyer
    TSG Group, TSG UK
    Target
    DRB UK Maintenance Limited
    Location
    Scotland, United Kingdom
    Type
    Buyout

    TSG Group (through its UK operations) has acquired DRB UK Maintenance Limited, a Glasgow-based specialist in EV charger installation, electrical and signage installation, maintenance, and hazardous area testing. The acquisition adds c.40 engineers and technicians to TSG's UK capabilities and strengthens its sustainable electrical and EV charging services across the United Kingdom.

  • Buyer
    TSG Group
    Target
    Gasodata
    Location
    Portugal
    Type
    Addon

    TSG Group has acquired a majority stake in Gasodata, a Portugal-based provider of systems, payment solutions and installation/maintenance services for gas stations and private customers. The deal (TSG's sixth acquisition this year) strengthens TSG's presence in Portugal and supports its expansion in new mobility energy solutions including electric, gas and hydrogen.

  • Buyer
    TSG Group
    Target
    Prime Fuelling Systems Limited
    Location
    Wales, United Kingdom
    Type
    Buyout

    TSG Group has acquired Prime Fuelling Systems Limited, a UK-based installer and maintainer of bespoke fleet fueling and AdBlue systems. The deal strengthens TSG's technical capabilities and local presence in the UK, adding certified electrical and mechanical engineers to support fleet, retail and defence customers.

  • Buyer
    TSG Group
    Target
    Kälte-, Klimatechnik Manfred Wegner GmbH
    Location
    Mecklenburg-Vorpommern, Germany
    Type
    Addon

    TSG Group has acquired Kälte-, Klimatechnik Manfred Wegner GmbH (Wegner), a Wismar-based refrigeration and air conditioning maintenance and installation services company. The acquisition expands TSG's HVAC capabilities and geographic footprint in Northern and Eastern Germany and brings Wegner's ~98 employees and strong supermarket/food-retail customer relationships into the TSG platform.

  • Buyer
    TSG Group
    Target
    MB El-Services ApS
    Location
    Denmark
    Type
    Buyout

    TSG Group has acquired MB El-Services ApS (MBES), an electrical works company based in Karlslunde, Denmark. The acquisition expands TSG’s electrical capabilities and local workforce in Denmark to support growing demand for EV charging station installations and energy-distribution infrastructure services.

  • Buyer
    TSG Group
    Target
    SITIM (SITIM Tehnička rješenja i servisi d.o.o.)
    Location
    Croatia
    Type
    Buyout

    TSG, a European provider of technical services for energy distribution and mobility, has acquired SITIM, a Zagreb-based company offering facility management, maintenance and engineering support for energy infrastructures. SITIM reported €10M revenue and about 90 employees in 2020; the deal expands TSG’s technical service capabilities and local footprint in Croatia.

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