Partner Article

Select Security eyes acquisitions after £300k backing

Security services company, Select Security, which operates from offices in Runcorn and Wrexham, is eyeing acquisition targets with the backing of Manchester-based Reward Capital.

The company offers a range of security services including event security, key holding and manned guarding.

High profile customers include Liverpool Council, Mercedes Benz and Boots while the company also advises the Home Office regarding accreditation in the security industry.

Reward initially backed Select Security following its acquisition of BDi out of administration last September.

The deal, which saw Select Security acquire six companies in Bradford-based BDi’s stable, saved around 270 jobs and saw Reward lend £300k to help the company integrate BDi into its operations.

Following a successful period of trading since the completion of the deal, Select Security, which boasts annual turnover of more than £14m, has agreed an option to borrow further funds from Reward when suitable acquisition targets become available.

Director at Reward in the North West, Neil McGivern, said: “Select Security is a successful business that has enjoyed rapid growth organically and through acquisitions over the past ten years.

“Whilst the business is profitable, it has required ongoing support from Reward to allow it to fulfil its ongoing ambitions.

“We have been delighted to back a fast-growing business and look forward to offering ongoing support to Select Security as it embarks on the next stage of its growth journey.”

Director at Select Security, Peter Littler, said: “Covering much of northern England and Wales, Select Security has a strong reputation in the security space.

“Our deal with the administrators of BDi has enabled us to further expand our services and plan for future growth.

“The support of Reward has been invaluable and we very much look forward to continuing our relationship as we continue our momentum.”

This was posted in Bdaily's Members' News section by Sophia Taha .