Private equity firm Livingbridge has made its first investment in Australia with the acquisition of consulting firm TSA Management.
TSA was established in 2001 and is a project management consulting firm which provides project-based services to private sector and government clients in Australia undertaking major capital works projects.
These projects are carried out in a range of infrastructure and property sectors including road, rail, healthcare and education.
TSA has a team of over 150 staff and offices in Sydney, Melbourne, Brisbane, Canberra and Newcastle.
Livingbridge opened its office in Australia in 2016. The investment will be used to expand the business both domestically and internationally and to broaden its sector capabilities.
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, a spokesperson for Livingbridge, added: “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.”
The investment in TSA follows Livingbridge’s investment in other consultancy businesses including Catalyst, Four Eyes Insight, The Up Group and Efficio.