Lee Newman, CEO of The VPS Group and Marc Stanton, Managing Director at Nexus, with the VPS senior M&A team
VPS Group has announced the acquisition of security outsourcer Nexus National Security Network.
Founded in 2011, Nexus provides a range of security options from mobile patrols to static guarding and its bespoke SaaS (Software as a Service) platform, Link, has handled over a million responses, using Nexus’ accredited 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 addition of the Link platform for outsourced security solutions, will not only enhance the group’s 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 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.
The acquisition of Nexus is part of the VPS growth strategy and the business continues to actively consider other M&A opportunities.
