Completion announcement: Scutum UK Group strengthens its Scottish presence with the acquisition of Electro Guard Fire and Security Limited
Leith Mergers & Acquisitions Limited are pleased to confirm that from 1st July 2022, Electro Guard Fire and Security Ltd, based in Dundee, are now a part of the Scutum UK Group.
This strengthens the support that Scutum UK offers its customers across the east of Scotland and becomes the ninth Scutum regional UK office.
For a period of time Electro Guard will adopt the above joint branding with Scutum in order to smoothly transition customers from the Electro Guard brand to the Scutum brand. Electro Guard joins the growing Scutum family, a leading European and US Fire Protection, Security and Monitoring provider, serving over 270,000 sites world-wide with a turnover in excess of £233m.
Leith M&A were appointed as exclusive M&A advisors to the shareholders, Mike & Therese Devlin. We were tasked with finding the right buyer for this long-established company and securing the legacy of the company for its employees and clients. Following an exhaustive and highly competitive M&A process involving offers from five different potential acquirors, Scutum emerged as the clear preferred bidder.
Joint Shareholders, Mike & Therese Devlin commented, “After 42 years as owners of Electro Guard Fire & Security, we are delighted to announce that we have transferred ownership of the Business to Scutum UK Group. It was important to us to pass our lifetime’s work onto a company that is reliable and trustworthy in the security industry and with the values and ethos that we have attributed to our long-term success.”
David Nelson, Leith M&A Managing Director commented, “Project Border was 8th fire and security company we have sold in recent years and our first in Scotland. It was a great pleasure working with Mike & Therese on this transaction, they were hugely supportive and worked tirelessly. We are very proud to have supported them and to have played a part in the 42-year history of this outstanding company. We wish, Mike & Therese and Scutum UK all the best for the future.”
