Morphose delivers expert consultancy for sale of Active Security and Yeoman Monitoring Services to Scutum Group
International advisory and brokerage services business Morphose has provided expert consultancy to Active Security and Yeoman Monitoring Services on the sale to French company Scutum Group. Active Security and Yeoman Monitoring Services presented themselves as an attractive acquisition opportunity after a sustained period of growth in the UK market, with a combined turnover of circa £7 million.
Morphose seek to optimise the infrastructure of businesses that are looking to improve, buy or sell their organisations. In this instance, Morphose were retained to market, advise and coordinate the sale of the jointly owned security business. The deal was finalised in late 2016, with Scutum Group anticipating further growth and looking to expand operations in the UK in the coming years.
Active Security Group and Yeoman Monitoring Services has a well-established heritage and history of excellent service in the UK, being founded over 44 and 32 years ago respectively. Self-described as having a “raft of industry experience” the Essex based business has been actively involved at a senior level with industry trade associations, standards committees and inspectorate throughout its history. It is this experience that brought interest from Scutum Group, a European mainstay of integrated protection solutions, with over 25 years of trading.
Nick Atherton, Managing Director of Morphose, commented:
“As an established and profitable joint business, Active Security and Yeoman Alarms are an excellent acquisition for Scutum Group. Clients are now looking for a more intimate working relationship and Morphose were delighted to be on hand every step of the way. We look forward to further overseas M&A interest in the coming year.”
Franck Namy, Chairman for Scutum Group, added:
“We are very pleased to acquire Active Security and Yeoman Alarms and welcome them to the wider Scutum Group. This acquisition process has been exemplary and Morphose were invaluable throughout negotiations. Scutum Group look forward to honouring the heritage of this business and building on its great service.”