Key Capital Advises TSG Group on Its Acquisition of IFES Electrical Services in Ireland

Key Capital is pleased to announce its role as advisor to TSG Group on the acquisition of IFES Electrical Services Ltd, a leading Cork-based provider of low and medium-voltage electrical installation and maintenance services. With over 25 years of experience, IFES has built a strong reputation for delivering high-quality electrical solutions across healthcare, commercial, and industrial sectors in Ireland.

This transaction expands TSG Group’s existing footprint and market-leading position and positions it for accelerated growth in strategic areas such as electric mobility, solar energy, and energy efficiency. This acquisition marks a significant milestone for TSG  and its ambition to support customers in Ireland in their energy transition.

The integration of IFES brings a highly skilled team with a proven track record in complex and regulated environments, including ATEX-certified installations and ISO 9000 and 45001 standards. Their strong client relationships and deep understanding of local infrastructure requirements make them a valuable addition to the TSG network.

From a strategic standpoint, this acquisition aligns with TSG’s broader European roadmap to deliver integrated, multi-energy solutions to professional clients. As the demand for decarbonised infrastructure grows, IFES enhances TSG’s ability to offer reliable, future-ready energy solutions tailored to the evolving needs of the Irish market.

The Key Capital deal team is Saif Shubana, Katie O’Connell, and Hannah Joy, who will continue to support TSG’s inorganic growth strategy.