SALE ENSURES SECURITY COMPANY REMAINS IN SAFE HANDS

Glevum Security has been sold in a deal that expands the buyer’s geographical reach into the South West of England.

A transaction overseen by Matthew Sibley, KBS Corporate Associate Director, sees Glevum acquired by London-based TMA Security, which supplied over 500 professionals for both The Queen’s funeral and King Charles III’s coronation in 2022 and 2023 respectively.

Based in Gloucester, Glevum provides professional security services for clients ranging from major corporate concerns to small family-run businesses across its home county and others in the west of England from Worcestershire down to Somerset.

This was an attractive feature of the opportunity for TMA Security, which was completing its first acquisition having been founded in 2019 and prides itself on offering a highly personal service focused on integrity, quality and professionalism.

In five years, TMA has become one of the UK’s leading security companies and the addition of Glevum will enable a substantial expansion of its service area and client base.

“Glevum Security is delighted to be joining TMA,” said Mark Baker and Steve Barnett, directors of Glevum. “The team there are as passionate about delivering effective security solutions as we are, and we are looking forward to working together to expand our services and keep more people and properties safe and secure.”

Mark Telford, Managing Director of TMA Security, added: “We are pleased that Glevum Security has joined TMA at this pivotal time of growth in our business. Glevum shares TMA’s core beliefs of responsibility and keeping people safe through the latest developments in security, and the team has invaluable knowledge in improving and developing new security products.

“The acquisition of Glevum Security means TMA can expand our valuable services, client base and expertise to ensure we can provide the very best in security for our customers.”

Matthew Sibley explained there had been sizeable interest in Glevum when the opportunity became available.

“The interest was mostly from trade companies but also some investment firms, all of whom were attracted to Glevum’s consistent financial performance,” he said.

Matt also expressed his gratitude to Harriet Jones of Mackrell Solicitors, accountant Will Abbott of Randall & Payne LLP, and KBS colleague Connor Dorsey “for arranging the data room and generally facilitating the provision of due diligence”.