Allcooper's expertise in electronic security, along with its portfolio of long-term customers, will support Securitas' ongoing strategy to offer the full range of security services to its customer base and is a major milestone in their strategic plan.
The acquisition allows Securitas to be the only UK provider to offer on site security, mobile security, remote security, electronic security, fire and safety specialist services and corporate risk management services.
Allcooper was founded in 1987 and specialises in the instillation, maintenance and monitoring of a wide range of security and fire systems. The Company is headquartered in Gloucester, with sites in the West Midlands and London and currently employs around 100 members of staff.
Commenting on the announcement, Roman Cooper, Service Director, said: "This is a fantastic opportunity for Allcooper's clients and employees. Both organisations are at the forefront of the latest industry trends and technology, there are huge opportunities for development and growth."
The Lexington Corporate Finance team, led by Gary Partridge and Thomas Edwards, is delighted to have acted for the shareholders on this transaction. Thomas Edwards commented "It has been a pleasure working with the shareholders, Roman, Gerard and Dave and we are delighted to have advised them in the sale of their business to Securitas. We wish the team the best of luck in the future under their new ownership".
This is Lexington's fourth completion of 2019 and the team is hungry to work with ambitious management teams and their owners who are looking to sell, grow by acquisition or raise either debt or equity funding.