TICC M&A activity continues to accelerate
TESTING, INSPECTION, CERTIFICATION & COMPLIANCE REPORT | MARCH 2026
Oaklins S&W – M&A and Debt Advisory
In the last 18 months, the TICC market maintained strong M&A activity, led primarily by major trade and PE-backed consolidators. We expect strong underlying fundamentals to continue to drive valuations levels and define the market landscape in 2026.
Our TICC and Debt specialists, Ben Laing and Lachlan Dorrity, provide an expert look at the various sub-sectors where there is strongest activity: legal & industrial metrology, environmental services, and fire safety. They also explore how increases in government regulation, alongside rising corporate and consumer standards, are driving growth in the sector and high transaction volumes.
The growing addressable market, high market fragmentation with a large number of LLPs (particularly the case within the built environment) and continuing regulatory demands, such as the Building Safety Act, is leading to significant transaction opportunities for private equityBEN LAING, TICC SPECIALIST | M&A PARTNER, OAKLINS S&W
Our report features a round-up of recent TICC transactions, as well as an overview of recent deal characteristics and valuations. In addition, you can read about two transactions where Oaklins S&W provided Debt Advisory support to the GSP Group, the leading British manufacturer of high specification fire doorsets and emergency access systems; and provided specialist M&A advisory support to TEAM Safety Services on its sale to Vadella.
The TICC sector continues to attract strong appetite in the debt markets, driven by regulatory requirements and high revenue visibility. The range of verticals and consolidation opportunity has encouraged larger lenders to ‘step down’ more into the mid-marketLACHLAN DORRITY, DEBT ADVISORY DIRECTOR, OAKLINS S&W
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