European market leader accelerates growth strategy

VPS Group, the temporary security specialist, is delighted to confirm the acquisition of Nexus National Security Network, the UK’s security outsourcing experts.

With its intelligent triple protection offering, VPS is widely regarded as the European market leader in vacant property protection, looking after £3.5b worth of properties across the continent, for vacant and void residential and commercial properties, as well as for the construction and infrastructure sectors.

Founded in 2011, Nexus is the go-to provider for outsourced security solutions in the UK. Offering a range of security options from mobile patrols to static guarding, Nexus revolutionised the provision of keyholding outsourcing in the UK, where they are now the market leader. Through its bespoke SaaS (Software as a Service) platform, Link (linkbynexus.co.uk), Nexus has now handled over a million responses, using their highly skilled and accredited supply chain network of partners.

This acquisition offers growth for both businesses, building on their existing brand strengths and reputations, that will bring immediate benefits to customers and colleagues.

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.”

Nexus sought a supportive acquisition partner, who mirrored their commitment to placing quality, customer and colleagues at the heart of the business.

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.

Over recent years, the VPS Group has produced continued growth, pursuing a strategy of solution-led client-focused development, in partnership with customers, to support their security needs. The acquisition of Nexus is an exciting part of this growth strategy and VPS continues to actively consider other accretive M&A opportunities.

End

Photo shows VPS' Mergers and Acquisitions team, led by CEO Lee Newman (3rd from left), meeting with Marc Stanton, Managing Director, Nexus (4th from left)

Contact Details

For more information about this press release please contact:

Jack Watton – M&A

T: +44 (0) 7543 311 055

E: jack.watton@vpsgroup.com

Notes to Editors VPS Group www.vps-corporate.com

• The VPS Group is Europe’s leading temporary security specialist, protecting over 50,000 sites with a focus on vacant and void residential and commercial properties, construction and infrastructure sectors.
• The market front-runner has a uniquely strong presence throughout Europe, with over 50 locations across the continent, delivering services in ten countries with Divisional HQs in Manchester, Paris, The Hague and Norwich.
• The VPS Group has over 25 years’ experience safeguarding Europe’s vacant properties through their unique integrated security offer that provides physical protection, monitored technology and human intervention services.
• The group’s customers comprise property management, retail & hospitality, banks & insolvency, local & national government, construction companies, insurance and social housing providers.
• The VPS Group was acquired by PAI Partners in 2014 and has grown both organically and through acquisition, including Prodomo - a French construction security specialist, and Evander – the UK’s specialist provider of domestic and commercial glazing and locksmith services to the insurance, home emergency, facilities management and property sectors.
• The VPS Group is in a strong position with supportive shareholders who share their desire for strategic expansion and growth, with plans for further acquisitions.

Notes to Editors Nexus National Security Network www.linkbynexus.co.uk

• From inception in 2011, Nexus have developed their market leading Link platform, which is the culmination of over 40 years of security experience.
• Designed with all their customers in mind, recognising the importance of being able to report accurately and to deal with events as and when they happen.

Robust, reliable and customisable, Link has become an invaluable tool to their blue-chip security client base.

Nexus National Security Network is the trading name of M&R Solutions Ltd