Security system specialist changes hands in MBO

A management team has acquired Sysco Technical Solutions in a buyout of the Leyland-based firm that was founded in 2013.

Sysco provides and project manages specialist security installation projects at high security sites.

Among its recent projects, the company project managed the installation of perimeter security technology at a large Critical National Infrastructure (CNI) site.

The management team of Shawn Reed, Mark Beetham, Ian Hearle and Bradley Ogden has completed the buyout for an undisclosed sum in a move that will enable the previous owners to retire.

Managing director, Shawn Reed, said: “Having worked closely with the outgoing management team over the course of many years, our desire to build on what they have achieved inspired us to purchase the company.

“The quality and pedigree of the Sysco product range and the achievements of the outgoing management team provide us with a strong base upon which to build and expand our client base.”

Paul Mercer, on behalf of the sellers, said: “We have worked in the industry for the past 45 years and felt it was the right time for us to let the company move forward with a new energy and vigour through a new management team that could no doubt carry this out.

“Shawn, Mark, Ian and Bradley have lots of experience within the field of perimeter detection systems and the associated technologies that work alongside this, enabling them to deliver turnkey packages for our clients to the highest standards. We could not be leaving the business in better hands.”

The company was set up by the same team behind Security and Electrical Installations, which trades as SEI.

The Sysco buyout team 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 from Forbes provided legal advice to the sellers. The buyers were advised by Nikki Whittle and Mairead Platt from Brabners.

Stephen Gregson, corporate finance director, MHA Moore and Smalley, said: “After supporting the previous shareholders of SEI through their retirement sale earlier in the year, we are proud to have worked with many of the same team to complete the transfer of Sysco to new ownership and deliver a deal which met the needs of both the management team and the existing shareholders of Sysco.

“The sale will allow Sysco to build on its recognised success within the CNI sphere with a new, highly capable leadership team who are eager to develop and grow the company.”