Swindon-based security provider, Stanley Convergent Security Solutions has purchased of Smiths Security Services, Raysil Security Systems and SRP Security Systems, located in Oxfordshire, Surrey and Buckinghamshire respectively from Verifier Capital.
The purchase of Smiths, Raysil and SRP includes the operations of each business with expertise in installing, servicing, inspecting, maintaining and monitoring intrusion alarms, fire alarms, access control and video surveillance systems. The acquisition of these businesses includes mostly commercial accounts including top universities, telecommunications, financial, healthcare and retail customers throughout the UK. Terms of the sale were not disclosed.
For Stanley CSS, the acquisition is part of a planned dynamic growth strategy in the UK. During 2010 alone, Stanley CSS completed and launched its first UK SSAIB certified ProtectionNet™ Customer Service Centre (among the largest data and monitoring central stations in the UK, with capacity to monitor over 50,000 customers ) and recruited two regionally based sales teams as part of an organic growth initiative. The acquisition of the three security companies continues this expansion plan, bringing some 5,500 new customers into the company, along with a talented team of committed staff.
“The acquisition of these three local companies continues our commitment to growing our global electronic security business. This acquisition gives us additional resources in the United Kingdom and makes us even stronger for existing and potential customers in that market,” said Tony Byerly, president of Stanley CSS North America and United Kingdom Direct.
“This acquisition fits well with our existing business and supports our strategy of global reach with a local touch for customers.
“We currently operate six Stanley CSS offices throughout the United Kingdom and a world-class monitoring centre in Swindon. I am confident that customers and associates alike will be pleased with Stanley CSS’s high level of customer service and security protection.”
