Fire and security system provider Secureshield has been acquired by private equity-backed Ranger Fire and Security, promising growth.
The undisclosed deals sees 70-strong Secureshield, which has bases in Holystone in North Tyneside and Motherwell in Scotland, join the acquisitive group which owns six other brands. Ranger said the deal, which was supported by funding from ThinCats, will expand its reach in the North East and Scotland, and pointed to Secureshield's ability to commission and deliver maintenance services across the º£½ÇÊÓƵ.
Secureshield is described as a leading independent provider of emergency lighting, access control, technology enabled care services including social alarms and call systems, and CCTV. The firm has a customer base spanning SMEs and larger corporates, as well as public sector organisations such as the Ministry of Defence and NHS.
It is led by managing director John Hunter who has also become Ranger's regional chair. Together with Ranger group managing director Ian Teader, Mr Hunter will help lead Ranger's expansion in the North East and Scotland.
Secureshield's management team, including Billy Hunter, Lorna Forsyth and Rory Walker will also remain in post. Ranger said the acquisition will expand its resources and create cross-selling opportunities.
Mark Bridges, CEO of Ranger Fire and Security, which is backed by private investment firm Hyperion Equity Partners, said: “Secureshield is a highly respected key player in the fire, security and maintenance space. Their joining of the Ranger Group will expand our geographic reach and industry expertise. With a strong management team led by John, Billy, Lorna, and Rory, this acquisition provides us with a fantastic opportunity to drive further growth and cross selling opportunities – helping Ranger to deliver our mission of a high-quality one stop fire and security solution across the º£½ÇÊÓƵ and Ireland."
John Hunter, managing director of Secureshield said: “There was a huge amount of interest in Secureshield, but with a shared focus on growth and delivering the highest quality service for our customers and clients, Ranger was absolutely the right partner for Secureshield’s future. We looked at a number of options to take Secureshield to the next level but felt that Ranger was best equipped with their experience and partnership led approach to deliver on our goals.
“I am looking forward to working closely with Mark and the Ranger team to grow Secureshields’ presence, enhancing our existing portfolio, fostering greater collaboration across the group, and by the prospect of us serving as the hub for development and expansion.â€
Ranger was advised by Cortus for financial due diligence. Zum Mohammed and the Gateley team provided legal support.
