The deal belongs to a long-term strategy designed to strengthen Tysoe’s capacity and expertise in a specialist sector while ensuring sustainability for the business.
As a subcontractor for the P&M Group, the two firms’ senior teams have already worked together over a period of 25 years.
Katherine Broadhurst, partner at Azets, said: “This is an exciting acquisition for The P&M Group which strengthens their position in a specialist sector.
“It was a pleasure to support the company and their lawyers to provide a collaborative approach to the transaction.”
The transaction sees an integration of Tysoe’s specialist labour force and complementary service lines into the P&M Group in a bid to increase both efficiency and development.
Andy Moon, chairman of the P&M Group, said: “We’ve been working closely with Tysoe Group for many years and our businesses have grown in tandem.
“Having a labour company as part of the group will help us maintain consistently high standards, particularly regarding quality and health and safety.”
He added: “We were grateful to be assisted by the corporate finance and tax advisory teams at Azets through the process, the size of which we are not used to, and look forward to continuing our relationship.”