SectorGuard buys Craft Services Group contracts

19 Apr 09

Through its 100% owned subsidiary Legion Services, SectorGuard plc has acquired the contracts of ‘in administration’ Craft Services Group for a consideration of £99,000.

By Brian Sims

The contracts are worth an annual value of £10 million, and are based on providing security and facilities services to shopping centres, property groups and commercial organisations.

The addition of these contracts to its portfolio further strengthens SectorGuard’s market share within these sectors, following hot-on-the-heels of the Legion Group acquisition.

As a result of this latest deal, 400 employees of Craft Services Group have transferred under current TUPE conditions to Legion Group plc, along with a number of the management team.

SectorGuard in the UK Top 10

SectorGuard is now the tenth largest company in the Infologue.com Top 20 UK Security Guarding Companies ‘league table’ published by Bobby Logue, and boasts over 3,200 employees group-wide.

Now, the company will continue with its integration plan of both business units and has identified approximately £3 million of consolidation savings per annum in the process. The integration process will be completed by the end of May.

Comment from the chief executive

Speaking to Infologue.com about the deal, SectorGuard’s chief executive Mark Higgins commented: “We’re pleased to have added this client portfolio and valuable workforce to our business. The recent acquisitions have demonstrated SectorGuard’s ability to seek considerable value from a distressed market place.”

Higgins continued: “The Board expects to continue to grow the company both organically through its strong long-term order book, and due to the exploration of further opportunities to acquire additional organisations that will continue to consolidate our market placing.”

Deal brokered by Logue Corporate

As far as Higgins is concerned, the business model being adopted by the new Board of SectorGuard is ideally suited to enhancing customer service and driving efficiencies, thus adding to both shareholder and Stakeholder value.

SectorGuard Plc was assisted in the acquisition by Logue Corporate, the security industry mergers and acquisitions specialist.