VPS Group, the non permanent safety specialist, has introduced its acquisition of Nexus National Security Network.
VPS focuses on vacant property safety, securing ‘over £3.5b price’ of properties throughout the continent, for residential and industrial properties, development and infrastructure sectors.
Founded in 2011, Nexus is a supplier for outsourced safety options within the UK, with a spread of safety choices from cellular patrols to static guarding. The SaaS (Software as a Service) platform, Link, has now dealt with ‘over one million’ responses, utilizing Nexus’ provide chain community of companions.
Commenting on the acquisition, Lee Newman, VPS Group CEO, says: “I’m delighted that Nexus is becoming a member of VPS, providing an thrilling partnership the place clients will tremendously profit from an expanded, built-in safety supply. The VPS Group is Europe’s solely supplier of full, end-to-end non permanent safety. The addition of the distinctive Link platform for outsourced safety options, won’t solely improve the group’s market-leading place, but additionally speed up each our firm and buyer development targets.”
Marc Stanton, Nexus’ Managing Director, says “The partnership with the VPS Group will allow Nexus to flourish; all through the method of the acquisition, it was clear how intently aligned the businesses are, so we really feel it’s a actually good match. We are wanting ahead to being an integral a part of the brand new partnership, persevering with to develop and ship for each Nexus’ and VPS’ clients.”
Founding shareholder Robert Fryer commented: “We are very pleased with the whole lot that Nexus has achieved throughout our tenure, and look ahead to watching the corporate proceed to flourish.”
Advisors for the acquisition have been led by Giles Dennison and Thomas Howell, at Eversheds Sutherland, together with Richard Aston at KPMG. Nexus have been suggested by Oaklins and Brabners LLP.
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