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.”