VPS Group, the temporary security specialist, has announced its acquisition of Nexus National Security Network.
Lee Newman, CEO of The VPS Group shakes hands with Marc Stanton, Managing Director at Nexus
VPS focuses on vacant property protection, securing ‘over £3.5b worth’ of properties across the continent, for residential and commercial properties, construction and infrastructure sectors.
Founded in 2011, Nexus is a provider for outsourced security solutions in the UK, with a range of security options from mobile patrols to static guarding. The SaaS (Software as a Service) platform, Link, has now handled ‘over a million’ responses, using Nexus’ supply chain network of partners.
Commenting on the acquisition, Lee Newman, VPS Group CEO, says: “I am delighted that Nexus is joining VPS, offering an exciting partnership where customers will greatly benefit from an expanded, integrated security offer. 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, says “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.”
Founding shareholder Robert Fryer commented: “We are very proud of everything that Nexus has achieved during our tenure, and look forward to watching the company continue to flourish.”
Advisors for the acquisition were led by Giles Dennison and Thomas Howell, at Eversheds Sutherland, along with Richard Aston at KPMG. Nexus were advised by Oaklins and Brabners LLP.
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