KBS Corporate has successfully completed the sale of Aegis Integrated Security Limited, a specialist installer of CCTV, fire alarms and access control systems for domestic and commercial clients.
Since formation in 1981, Aegis has continuously expanded its service offering to meet the needs of its clients, and now has the flexibility to install and maintain intruder alarms, fire alarms, CCTV, gates, barriers and safes.
Based in Colchester, the company has built up a strong geographical presence within the local area, alongside a good spread of clients across many industries, including local police forces, major insurance companies, councils, schools and water companies.
The shareholders approached KBS Corporate with intentions of offering the company for sale as part of their retirement plan, with a view to remain within Aegis in a reduced role, in order to ensure the smooth transition of management and day-to-day business dealings.
Aegis was acquired by Paul Martin of Second Chance Holdings Limited. Second Chance Holdings is a private equity group that specialises in acquiring privately owned managed businesses with a turnover ranging between £500k to £8m.
With other business interests in the security sector, Paul’s motivation to acquire Aegis was centred around opportunities to expand his service offering geographically and cross-sell his products.
Matthew Sibley, of KBS Corporate, advised on the deal and commented, “It was a pleasure to work with our clients at Aegis, and I’m sure that the company will thrive under the direction of Paul, who will most definitely benefit from the synergistic opportunities between Aegis and his other security business. With the exiting shareholders remaining within the business as part of a handover period, they will be able to help the company grow. I wish them all the best.”
