海角视频

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Tech

Facilities management giant Mitie swoops for North East security specialist R H Irving Industrials

The 115-strong firm is the second security-focussed business to be snapped up by Mitie in recent months

From left: Vanessa Saleh, corporate solicitor; Ashraf Ali, partner at Square One Law; Gavin Dunn, founder of R H Irving Industrials; Adam Tindale, RGCF corporate finance manager; Mark Souter, contracts director at R H Irving Industrials, and Rhiannon Nightingale, RGCF corporate finance director.(Image: R H Irving Limited)

A specialist electronic security systems firm has been acquired by national outsourcing group Mitie in a £19.1m deal.

Northumberland-based R H Irving, which employs around 115 staff, has become part of the £3.9bn turnover facilities management operator in a move that follows its April acquisition of another security consulting firm, Linx International Group. Mitie said the deal was part of its strategy to invest in "high growth, high margin" companies.

R H Irving has been running for more than 20 years and delivers complex and sophisticated security services to 海角视频 customers. Mitie called it a company with a strong reputation in regulated markets such as critical national infrastructure.

Read more: Kitwave confident 2023 results will edge ahead of expectations

From its Matfen headquarters, the £17m turnover specialist in perimeter fences designs, manufactures, builds, installs, and maintains a wide range of products and services, including electronic detection, fabrication, lighting, automated access, CCTV access control, hostile vehicle mitigation and cyber protection. In a message to its London Stock Exchange investors, Mitie said R H Irving had generated EBITDA of £2.4m in the year to the end of February while the most recent accounts available at Companies House show operating profit of more than £341,000 in 2022.

Jason Towse, managing director, Mitie Business Services, said: "R H Irving Industrials is our second security-related acquisition in recent months, reflecting the group's strategy to invest in high growth, high margin companies in the key sectors of security technology, decarbonisation, and telecoms. The business both complements and enhances Mitie's existing capabilities and customer base. We are delighted to welcome the R H Irving Industrials team to Mitie."

Rhiannon Nightingale, corporate finance director within RG Corporate Finance, which advised R H Irving, said: "R H Irving Industrials Ltd is a real North East success story and this acquisition provides a fantastic opportunity to be part of the 海角视频’s leading facilities management and professional services company, with an extensive network that will deliver growth and fresh opportunities. I wish everyone connected with R H Irving Industrials the very best for the future as part of Mitie and it has been a pleasure to advise the team on this significant transaction.”

RGCF's head of corporate finance Carl Swansbury and corporate finance manager Adam Tindale also advised. And corporate tax partner Simon Whiteside and corporate tax director Simon Hopwood provided transactional tax advice.