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VPS Group acquires Nexus National Security Network

VPS Group, the construction site security specialist, has confirmed the acquisition of Nexus National Security Network, a UK expert in security outsourcing.

VPS currently secures over £3.5b worth of premises and building sites across Europe for the construction and infrastructure sectors. Founded in 2011, Nexus offers a range of security options from mobile patrols to static guarding. The company claims to have revolutionised the provision of keyholding outsourcing in the UK, and its bespoke SaaS (Software as a Service) platform called Link has now handled over a million responses, using Nexus’ accredited supply chain network of partners.

Commenting on the acquisition, Lee Newman, VPS Group CEO said, “I am delighted that Nexus is joining VPS, offering an exciting partnership where customers will greatly benefit from an expanded, integrated security offer. The VPS Group is Europe’s only provider of full, end-to-end temporary security. The addition of the unique Link platform for outsourced security solutions, will not only enhance the group’s market-leading position, but also accelerate both our company and customer growth objectives.”

Marc Stanton, Nexus’ Managing Director said, “The partnership with the VPS Group will enable Nexus to flourish; throughout the process of the acquisition, it was clear how closely aligned the companies are, so we feel it is a really good fit. We are looking forward to being an integral part of the new partnership, continuing to grow and deliver for both Nexus' and VPS' customers.”

Founding shareholder Robert Fryer commented, “We are very proud of everything that Nexus has achieved during our tenure, and look forward to watching the company continue to flourish.”

Advisors for the acquisition were led by Giles Dennison and Thomas Howell, at Eversheds Sutherland, along with Richard Aston at KPMG. Nexus was advised by Oaklins and Brabners LLP. The VPS Group has produced continued growth, pursuing a strategy of solution-led client-focused development, in partnership with customers, to support their security needs. The acquisition of Nexus is part of this growth strategy and VPS continues to actively consider other M&A opportunities.

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