Two of the biggest names in the security and loss prevention sector are to come together following the announcement that the business and assets of Cardinal Security Limited have been acquired by Amberstone.
Two of the biggest names in the security and loss prevention sector are to come together as part of an ambitious alliance following the announcement that the business and assets of Cardinal Security Limited have been acquired by Amberstone from Administration. The result will see the creation of a new company in the form of Amberstone Guarding, a new addition to Amberstone’s existing portfolio of electronic security solutions offerings.
The alignment to a technology and systems business will enhance the existing provision of security officers, create efficiencies and add value to the overall service offering in the increasingly challenging retail landscape.
Headed up by the new chief executive Jason Trigg, the founder and former owner of Cardinal Security Limited, Amberstone Guarding’s senior management team is being strengthened by the addition of Andrew Gillies, Managing Director, Matt Allen, European Director, Steve Evans, Commercial and Strategic Director, Terry Baker, Technical Director and Mark Ault as Operations Director
Jason said this week: “I am pleased to say that after 15 months out of the industry, although deeply saddened with the situation Cardinal found itself in, I am excited to be back to drive forward this exciting opportunity of bringing together one of the major suppliers of intelligence-led manned guarding and loss prevention services, with the leading provider of electronic solutions to the retail and logistics industries. Cardinal Security Limited entered financial difficulty after suffering from a number of high profile bad debts during the course of this year. The acquisition will enable Amberstone to rescue the Cardinal business, ensuring seamless continuity of service to its customer base as well as preserving the employment of its workforce.
The alignment is designed to drive growth and deliver efficiencies and, as part of the acquisition, both businesses have been recapitalised to facilitate further growth via both organic and acquisitive means. Significant investment has been secured which will provide the combined business with a strong capital base to deliver the intended growth planned by the new management team.
This acquisition sees a group of individuals with lengthy experience in the UK security industry, together with myself coming back, heading up this exciting new venture.” he added.
In an industry dominated by either large-scale, multi-service providers or small, regional operators, Amberstone will continue to provide a specialist security service tailored to the ever-increasing requirements of its national and overseas customer base in the retail and logistics sectors.