Livingbridge today announces the first investment made from its Australia office, TSA Management (TSA).
Established in 2001, TSA is a leading, independent, Australia-based project management consulting firm. TSA specialises in providing independent project-based services to private sector and government clients undertaking major capital works projects across a range of infrastructure and property sectors including road, rail, healthcare and education.
TSA has a team of over 150 highly qualified professionals and offices in Sydney, Melbourne, Brisbane, Canberra and Newcastle. The firm has deep expertise within its key markets and is structured in a manner that enables its systems, processes and procedures to be tailored to meet individual client needs.
Australia is undertaking an ambitious infrastructure spending programme over the next decade. Further to this, the changing demographics of Australia’s population are increasing demand for TSA’s expertise in the healthcare and education sectors.
Livingbridge opened its office in Australia in 2016 and this investment will come from its £660m Livingbridge 6 fund, allowing TSA’s further geographic expansion domestically and internationally. Alongside this, management envisages further broadening its sector capabilities.
Livingbridge has a strong track record in supporting consultancy businesses internationally with the recent investment in Catalyst, alongside previous investments in Four Eyes Insight, The Up Group and Efficio.
Commenting on the investment, Andrew Wilson, chief executive at TSA, said:
“Livingbridge is an ideal partner for our business. They adopt a partnership approach to investing and have a proven track record supporting high growth people-led businesses. From the first meeting, we felt they would be a natural fit and it was clear they understood our values and ambitions for the business."
Gareth Young, Livingbridge, said:
“As an experienced investor in professional services businesses, we have been very impressed by the leadership of TSA and the quality of the organisation. TSA has built a talented workforce, specialist experience and long-standing client relationships across a range of infrastructure and property markets. We look forward to supporting the existing team in continuing to build upon the success they have achieved to date.”
Miles Advisory Partners acted as financial advisors to TSA Management.