MBO to fan flames of growth at fire security firm
Total Integrated Solutions (TIS), the Mansfield safety, communication and security firm has changed hands in a management buy-out by its former head of Combined Services Division.
TIS was established more than 60 years ago. It works with clients such as The Ministry of Defence (MoD) University of Leeds, West Midlands Combined Authority and The ExtraCare Charitable Trust.
The MBO sees James Twigg by out partner Chris Lewis. Twigg is now managing director and sole shareholder.
He said: “Chris has established an enviable reputation within the Defence sector over the past seven years for the provision of leading security and communication applications”
“With Chris’s support we have built a team of problem-solvers and innovators, constantly pushing to deliver integrated solutions that deliver security and stability, now and in the future, so we can protect what matters most to the people we work with.”
Smith Cooper provided tax advice on the deal, with Flint Bishop and Ashton Bond Gigg advising on the legal aspects.