Security provider VPS Group has acquired outsourcing expert Nexus National Security Network.
VPS, a market leader in vacant property protection across Europe, guards over £3.5 billion worth of properties across the continent for the residential, commercial, construction and infrastructure sectors.
Nexus, founded in 2011, provides outsourced security solutions in the UK, offering options from mobile patrols to static guarding. Its bespoke SaaS (Software as a Service) platform, Link (linkbynexus.co.uk), has now handled more than a million responses, using Nexus’s accredited supply chain network of partners.
Lee Newman, VPS Group CEO, said the resulting expanded, integrated security offer would benefit clients.
“The VPS Group is Europe’s only provider of full, end-to-end temporary security. The addition of the unique Link platform for outsourced security solutions, will not only enhance the group’s market-leading position but also accelerate both our company and customer growth objectives.”
Marc Stanton, Nexus’ managing director, added: “The partnership with the VPS Group will enable Nexus to flourish; throughout the process of the acquisition, it was clear how closely aligned the companies are, so we feel it is a really good fit. We are looking forward to being an integral part of the new partnership, continuing to grow and deliver for both Nexus and VPS customers.”
The VPS Group said it has seen growth in recent years by pursuing a strategy of solution-led client-focused development. It added that acquisition of Nexus is part of this strategy and VPS continues to “actively consider other M&A opportunities”.
Advisers for the acquisition were led by Giles Dennison and Thomas Howell, at Eversheds Sutherland, along with Richard Aston at KPMG. Nexus was advised by Oaklins and Brabners LLP.