KBS Corporate advises on the sale of The Safecell Security Group
The Safecell Security Group is a competitive and dedicated company specialising in providing a wide range of security solutions. Safecell was founded in 2001 and incorporated in 2002, quickly establishing itself within the market and building relationships with customers.
Michael Dunne and Kirsty Dunne approached KBS Corporate with the sale of Safecell to facilitate the retirement of one of the shareholders. During the initial discussions it became apparent that staff retention was highly important to the shareholders.
The opportunity produced 86 interested parties and six offers. The successful offer came from Croma Security Solutions Group Plc, a UK trade buyer. The acquisition will extend the Group’s geographic footprint and enable better service, whilst expanding existing relationships with clients that have operations in the area.
Roberto Fiorentino, chief executive of Croma, said: “Safecell is an excellent business and under Mick Dunne it has built a strong reputation in the North West security market. I am delighted Mick will be staying with the group and I look forward to working alongside him, as we build our presence further across this important region.
“As recently stated, alongside the proposed sale of our manned guarding business, Vigilant, we are re-focusing our Company on our higher margin security solutions businesses alongside establishing a national network of security centres.
“After a slower period during the pandemic, opportunities such as Safecell are emerging which is a natural fit with our objectives, and we are hopeful of completing similar earnings enhancing acquisitions in 2023.”
Luke Rae, Corporate Deal Executive at KBS Corporae, advised The Safecell Security Group throughout.