Cash services firm acquired by counterpart to expand UK and Ireland reach

A Stoke-On-Trent cash services firm has joined forces with a Northern Ireland-based counterpart, expanding its reach in the cash management and ATM services arena across the UK and Ireland.

Security Plus has been acquired by Pivotal, resulting in the merger of two long-established independent companies and increasing the joint workforce to more than 1,100 employees.

Security Plus specialises in secure Cash & Valuables-in-Transit (CVIT) services, cash processing, reconciliation, banking, and guarding services, including CCTV, alarm response, mobile patrolling, and key holding.

Pivotal, headquartered in Belfast, caters to over 3,000 customers across the UK and Ireland, including retailers, hospitality venues, and financial institutions, providing secure CVIT, cash processing, foreign exchange, and ATM services.

Tony Gee, Chairman at Security Plus, said: “This year represents my 40th year at Security Plus + Limited, and it has been incredibly rewarding to witness our growth and success throughout this time. Joining forces with Pivotal marks an exciting new chapter for us. This partnership not only secures new opportunities for further growth but also positions us at the forefront of the European market, ensuring we continue to thrive in an evolving industry.

Pivotal is the only service provider that provides a full suite of cash in transit, cash processing, coin, foreign exchange and ATM services across the UK and Ireland. Both the Pivotal and Security Plus + Limited brands will remain in place for the immediate future, with an incremental programme of integration being delivered over coming months.”

Terry Hughes, chief executive at Pivotal said: “We are delighted to welcome the Security Plus + Limited team to Pivotal. We both have significant histories and a shared mission of excellence and innovation in supporting
customers by providing unrivalled cash management alongside our expanding ATM platforms.

“This acquisition will enable us to boost our client service offering, and significantly increase our footprint across the UK and Ireland, driving our market share. The combination of our two strong customer bases coupled with our innovation and delivery of service excellence will ensure we can offer additional enhanced services to all our clients delivering optimum value for all our customers.”