Security business adds to Kingdom with Sunwin deal

SECURITY business Kingdom has bought Sunwin Managed Security from Cardtronics, the world’s largest retail ATM owner and operator.

Sunwin Managed Security, based in Bradford, provides manned guarding services with around 640 security professionals.

Other units of Cardtronics’ Sunwin Services Group – secure cash logistics and ATM maintenance – continue to be owned and operated by Cardtronics.

The terms of the deal were not disclosed.

Terry Barton, managing director of St Helens-based Kingdom, said: “We are very excited about the opportunities this acquisition brings to our business. Sunwin has a fantastic customer base, operational structure and service delivery model. This acquisition represents the continued desire for Kingdom to increase significantly its national market share.”

Jonathan Simpson-Dent, managing director of Cardtronics Europe said: “Kingdom is an ideal home for Sunwin’s manned guarding services business and we believe Sunwin Managed Security’s clients will benefit from Kingdom’s decades of experience and specialisation in risk, loss and security services.”

In November, The Co-operative Group completed the deal to sell its Sunwin business, which provides security and maintenance services for cash machines, to US-based Cardtronics in a £41.5m deal.