TSA Management closes second UK deal in quick succession

Hot on the heels if its M&A-backed entry into the UK market, Australian project management consultancy TSA Management has closed its second deal in just as many months.

Following years of strong growth in the Australian market (a process notably kickstarted by London-based investor Livingstone), TSA Management has set its sights on international expansion.

With the ambition to become – in the words of TSA Management’s CEO Andrew Wilson – “the leading global project consultancy”, it did not come as a big surprise when the firm entered the UK market last month through the acquisition of Henry Riley, following earlier organic expansion into Singapore to serve the Asia market.

The latest acquisition of DGA Group adds a further 60 professionals to TSAManagement’s headcount in the United Kingdom, which now comprises over 250 staff. Across its footprint, TSA Management now has over 900 staff.

Founded in 1993, DGA Group is a consultancy specialised in contract and dispute resolution services to the property and infrastructure industries. The firm also has (small) teams based in Singapore, and Australia.

“The DGA Group partnership delivers on our UK and South-East Asian growth strategies while expanding our contract and dispute resolution service capabilities. Consolidating our presence in the UK markedly progresses our vision,” said Wilson.

In similar fashion to the Henry Riley deal, TSA Management turned to Equiteq to orchestrate and close the deal. The M&A firm delivered its mandate through a cross-border collaboration between its Oceania and UK teams.

Alex Monck, Managing Director for Australia and New Zealand at Equiteq, commented: “Once again, it has been a privilege to work with our friends at TSA Management as they build out their international platform.”

Meanwhile, for DGA Group, joining forces with the larger counterpart will enable the firm to “bring immediate scale to our operation and creates opportunities to develop business across our combined geographies, clients, and sectors,” said DGA Group CEO, David Gibson.

In 2021, Livingstone sold its stake in to TSA Management to Aussie private equity group Quadrant.