Sectorguard PLC acquires craft services contracts

SectorGuard Plc, has through its 100% owned subsidiary Legion Services Limited acquired the contracts of Craft Services Group Limited (in administration) for a consideration of £99,000. The contracts with an annual value of £10m provide security and facilities services to shopping centres, property groups and commercial organisations. This addition further strengthens SectorGuard’s market share within these sectors following quickly on from the Legion Group plc acquisition. Some 400 employees of Craft Services Group Limited have transferred (under TUPE conditions) over to Legion Group plc along with a number of the management team.

SectorGuard plc is now the 10th largest company on the Top 20 UK Security Guarding Companies with over 3,200 employees group-wide. The Company will continue with its integration plan of both business units and has identified approximately £3m of consolidation savings per annum in the process. The integration process will be completed by the end of May 2009.

Mark Higgins, Chief Executive, comments; “We are 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. 

The Board expects to continue to grow the Company both organically through its strong long-term order book and will explore further opportunities to acquire additional organisations to continue consolidating the market place. The business model being adopted by the new Board of SectorGuard is ideally suited to enhancing customer service and drive 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 specialists.

Sectorguard Website