Three North West firms acquired in one fell swoop by Newcastle group
Three North West firms have been acquired, for an undisclosed sum, by a growing Newcastle-based group.
ABCA Systems, a provider of Fire, Security and Electrical Compliance Solutions, has completed the takeover of Southport firm, Maintec, AGS Tech, based in Blackburn, and Wigan-based HBS Fabrication Northwest, which it said will strengthen the group’s already dominant standing in the sector, bolster its presence, amongst other end-markets, in the wider social housing market, and, in turn, pave the way for significant further growth.
ABCA CEO, Phil Miller, took over the family business from his father in 2005 and has built up the group to its current £40m+ annual turnover by following his father’s mantra of “right people, right place and right time,“ he said.
ABCA made its first acquisition in 2020 when it acquired Tyneside Security. Having secured the backing of private equity firm Trimountain Partners and Santander UK, in 2021, the group has now completed its latest acquisitions, adding a further £10m+ in combined annualised revenues to the business.
It said the complementary acquisitions of Maintec and AGS will further enhance the group’s expertise, capabilities, reach and customer base in Fire and Security compliance, providing opportunities to accelerate growth through additional scale, cross-sell avenues and investment in future innovation.
Similarly, the partnership with HBS Fabrication Northwest, a manufacturer and installer of steel security doors, will enable ABCA to provide in-house another critical and complementary, value-added offering to existing and new clients.
Phil Miller said: “These three leading companies will help us provide an even higher level of service and satisfaction to our clients, especially those in the social housing sector.
“I’m particularly excited as two of the key players who will be joining us, Chris King and Colin Prescott, were previously part of the ABCA Systems Group many years ago before successfully growing AGS organically into the business it has become today, whilst in parallel acquiring and expanding HBS.
“Also joining us and strengthening the leadership team is Steve Cranshaw of Maintec, who brings to the table a wealth of knowledge and experience that will help us to grow even more. Our motto, ‘Right People, Right Place, Right Time,’ truly embodies this moment. I’m confident the combined expertise and dedication of our new colleagues and their teams will drive us towards a brighter future.”
Colin Prescott, on behalf of AGS and HBS, said, “Joining forces with ABCA Systems Group feels like coming home. The like-minded approach and synergy between our teams are undeniable, and together, we will continue to innovate and lead in our field.
“This is an exciting chapter for all of us, and we look forward to achieving even greater success together.”
Steve Cranshaw, representing Maintec, said: “Maintec’s integration into ABCA Systems Group marks a significant achievement for us. We are eager to collaborate with our new partners and leverage our combined strengths to deliver exceptional value to our clients. The future is bright for all involved.”
