Sysco Technical Solutions, which provides and manages specialist security installation projects at high security sites, was acquired by its management team.
the Leyland The company was established in 2013 and has managed the project to install perimeter security technology at a large critical national infrastructure site for the past few years.
The company was bought out by Shawn Reed, Mark Beetham, Ian Hearle and Bradley Ogden.
The agreement will allow the company’s former owners, Paul Mercer and Alan Ogden, to retire, while Sysco Technical Solutions’ new management team intends to grow the business by targeting further development work. installation and security management at high security sites across the UK.
Shawn Reed, Managing Director of Sysco Technical Solutions, said, “After working closely with the outgoing management team over many years, our desire to build on what they have accomplished prompted us to buy the company.
“The quality and pedigree of the Sysco product line and the accomplishments of the outgoing management team provide us with a solid foundation on which to build and expand our customer base.”
Paul Mercer, on behalf of the Sellers, said: “We have been in the industry for 45 years and felt it was the right time for us to let the business move forward with new energy and vigor through a new team. direction that could probably achieve it.
“Shawn, Mark, Ian and Bradley have a lot of experience with perimeter detection systems and the associated technologies that work with it, which enables them to deliver turnkey packages for our customers to the highest standards. . We couldn’t leave the business in better hands.
Sysco Technical Solutions was created by the same team behind Security and Electrical Installations Ltd, which operates as SEI.
The company was created to respond to a call for tenders for a security installation contract for the CNI site. Following the completion of the contract, Sysco was purchased by a team that includes several members of the management team that now owns and operates SEI after a separate management buyout earlier this year.
The sellers were advised by the corporate finance team at MHA Moore and Smalley. The advisory team was led by Stephen Gregson, supported by Judith Dugdale. Tony Medcalf and Michelle Taylor provided tax advice.
David Filmer of Forbes provided legal advice to the sellers. Buyers were advised by Nikki Whittle and Mairead Platt of Brabners.
Paul Mercer added: “Handing down the business means we can spend more time doing the things we all love and missed while making the business what it is today.
“We would like to thank Stephen Gregson, Judith Dugdale and Tony Medcalf of MHA Moore and Smalley as well as Forbes and Brabners for all of their assistance and guidance throughout the transaction. We couldn’t have done this without them.
Stephen Gregson, MHA Moore and Smalley said: “Having supported former SEI shareholders in their retirement sale earlier this year, we are proud to have worked with several members of the same team to complete transferring Sysco to new ownership and delivering a transaction that met the needs of both the management team and existing Sysco shareholders.
“The sale will allow Sysco to build on its proven success in the CNI sphere with a new, highly skilled management team eager to develop and grow the business. We wish them good luck for the future.
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