US based Stanley Security has successfully acquired Birmingham based fire and security service provider, Contract Fire Systems (CFS), from its founders, Gary Quirke and Steven Quirke.
The UK FM merger and acquisition specialist Morphose introduced the parties earlier this year and the deal completed last Friday.
The senior management team at CFS will continue to manage the business. Stanley Security will use its broad industrial expertise and networks to drive both the organic and acquisitive growth of the combined Group. The strategic acquisition provides Stanley with a proper UK national footprint in the fire and security sector.
Commenting on the transaction, Gary Quirke said:
“We are very pleased with the sale of CFS. This acquisition process has been exemplary and Morphose continue to prove their value by introducing complimentary parties.”
Morphose Managing Director Nick Atherton commented:
“It has been a pleasure working with the Stanley Security team. We wish them every success in developing their UK business offerings.”