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.