Lancashire security specialist eyes growth with first acquisition

Lancashire security business KeyPlus Security has acquired SteelSec in order to expand its portfolio of security services with a Fire & Security systems division.

Brian-Curran, KeyPlus

Padiham-based Key Plus chief executive Brian Curran said: “This is our first acquisition and we are focused on ensuring a smooth and seamless integration process for customers and employees alike. The long-term vision includes further growth and expansion through additional acquisitions, demonstrating KeyPlus’s commitment to leading the way in the security services industry.”

Since KeyPlus was founded in 2008, the business has established itself as a provider of fully accredited 24/7 Mobile Response security services across the North West and Yorkshire, which includes: Key Holding, Alarm Response, Mobile Patrols, Void Property Inspections and Locks/Unlocks.

Clients include AMS Neve, Glen Dimplex and Promethean.

SteelSec, accredited by the SSAIB, was established in 2018 and specialises in the installation and maintenance of Intruder Alarms, CCTV, Access Control systems.

Curran, who was selected to take part in the Goldman Sachs 10,000 Small Businesses programme, said the acquisition will bring numerous benefits to customers of both companies.

“KeyPlus Security’s clients will see a reduction in the complexity of their security service needs, cutting down the number of suppliers significantly. Meanwhile, SteelSec’s customers will gain access to the broader resources and capabilities of a larger organisation while retaining the familiar and trusted service of James Steel, who joins KeyPlus as Technical Director,” he said.

The acquisition also promises “positive developments for the workforce” of both companies, he said, offering “expanded career prospects and opportunities for professional growth” within KeyPlus, which has been an accredited Living Wage employer for 9 years.

Neil Windsor, KeyPlus managing director, said: “Together, both James and I can now offer enhanced security and will demonstrate a continued commitment to client safety and satisfaction.”

Advisers on the deal were Paul Spencer, PM+M; Chris Howard, CFO Centre; and Guy Bartlett, Fidelis Advisory.