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The Securus Group Acquires Security Centres

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The Securus Group has continued its expansion by acquiring Security Centres Ltd, a systems integrator which designs, installs and maintains complex fire and security systems.

Security Centres is based in Swansea and is a leading independent in its core markets of South Wales and the South West. Recent projects include: Millennium Stadium Cardiff, Milford Haven Port Authority, Cynon Valley Community Hospital and Temple Circus, Bristol.

Securus Group was formed in 2008 and has expanded rapidly through organic growth and acquisitions. The group has operations across Scotland, the North, the Midlands and now South Wales.

Stuart Glover, Managing Director of The Securus Group said, ‘Security Centres has an outstanding reputation throughout South Wales and the South West which has been built over almost 30 years of trading. We are delighted that Simon Philips and Graham Rees are staying with the business post completion, they will be an important part of the Securus Group family.’

Simon Philips, joint Managing Director of Security Centres commented, ‘There were numerous suitors during the sale process of Security Centres. From the start we gelled with Securus Group: we share the same values of investing in our people & technology along with a commitment to the highest standards of customer care. Graham and I are looking forward to this next chapter in Security Centres’ story.’

Terms of the deal were not disclosed. Security Centres were advised by Odyssey Corporate Finance, DJM Solicitors and James & Uzzell. The Securus Group were advised by Begbies Traynor Corporate Finance and Nexus Solicitors.

 

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The Securus Group Acquires Lyrico

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The Securus Group has acquired another business as the group continues to utilise a multi-million pound funding package arranged by NatWest aimed at supporting its portfolio and its buy and build strategy.

Lyrico Systems Limited in Walsall is the latest business to join The Securus Group which incorporates businesses that design, install and maintain electronic security systems including warden control systems, access control systems, fire detection, CCTV and intruder alarms, and emergency lighting. The acquisition of Lyrico will allow for The Securus Group to further develop its fire expertise services.

More than 250 people are employed by the group throughout the UK.

Under the drive of Group Managing Director Stuart Glover who created the business in 2008 following a Buy Out backed by NatWest, The Securus Group has continued to steadily expand both organically and acquisitively. Throughout this period the group has been supported by NatWest.

Stuart said: “The acquisition for Lyrico Systems will allow The Securus Group to continue developing its fire security services, which are a key growth sector for us, and we will look into further acquisitions within this market in the months ahead. NatWest has backed us as we continue to grow our portfolio and we have an excellent relationship with the bank.”

The funding package was delivered by the Structured Finance Team at NatWest with support from Richard Lamb, Liam Glennon and David Watson.

Richard said: “We have a long history with The Securus Group which has allowed for us to develop an in depth understanding of the customer and create a unique working relationship. The acquisition of Lyrico is an exciting addition to the group’s portfolio and we wish them every success for the future.”

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