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Servest Multi Service Group, the facilities services contractor, has acquired Stag Security Services. The new business will have a combined annual turnover of ยฃ100m. Servest says itโs part of its strategy to become one of the top five multi service providers in the UK.
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Stag Security was established in 2002 and provides manned and electronic security systems for construction, infrastructure and utilities sector contractors and blue-chip corporate clients in the UK including Balfour Beatty, Carillion and Londonโs Crossrail project. The business, which employs more than 600 staff nationally, recorded a turnover of ยฃ15m in 2011.
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Graham Watson, managing director of Stag Security Services, said: โJoining Servest was a natural move for us because we recognised a company that operates with the same high standards of customer satisfaction and dedication to achieving excellence. We have worked hard to achieve a leading position within the security and facilities management industry and believe that working with Servest will enable us to achieve greater market penetration and increase our service offering.โ
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Rob Legge, Servestโs UK group chief executive officer added: โThe acquisition of Stag Security is part of our ambitious growth strategy to reach a turnover of ยฃ300m by 2014 which we aim to achieve by a mixture of acquisition and organic growth. This is an exciting time for our company as it continues to evolve into one of the leading multi service providers in the UK.โ
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The purchase follows the acquisition of Turners Cleaning and Supportย Services in October last year and Servestโs 2008 purchase of Sherwood, a provider of on-site support services. Visit www.servest.co.uk
