The Shield Group – the UK’s largest independent Total Security Solutions provider – has been named ‘Security Solutions Specialist of the Year’ at Acquisition International’s prestigious M&A Awards 2014.
Now in its third year, AI’s M&A Awards recognise and celebrate the stellar achievements of financial advisers, financiers and service providers pinpointed for demonstrable expertise in their specialised fields, with each award category being nominated for by clients and peers.
The awards are bestowed solely on the basis of merit to commend exceptional service over the last 12 months.
Acquisition International is a popular monthly financial magazine with a global circulation positioned to reach influential deal makers and senior financial professionals.
Leading national security provider
The Shield Group is an award-winning total security solutions company which has been at the forefront of the industry since its inception 25 years ago. The group has been recognised following a successful acquisition by India’s largest security company, Topsgrup, which was led by executive chairman Dr Richie Nanda.
In July 2012, Dr Nanda completed a £19.5 million acquisition of The Shield Group, initiated with a 51% controlling stake in 2008. The acquisition enabled the company to make vital in-roads into the regional UK security market, in turn transforming The Shield Group into a leading national security provider.
The company has since launched several new offices across the UK, including its regional headquarters in Manchester, increased staffing numbers to 2,500 and the number of customers it serves to 400.
In addition, The Shield Group has hired seven managing and regional directors, invested over £1 million to realise an NSI Gold certified Alarm Monitoring Centre in Preston and launched new business divisions – Shield Guarding and Shield Strategic Solutions with sub-verticals Shield Consults, Shield Monitoring Services and Shield Vetting – to offer bespoke security services to clients.
Furthermore, under Dr Nanda’s leadership the business has secured a number of high-profile contracts, including The Imperial War Museum and Bournemouth University.
All of these changes helped increase revenues from £61 million (2013) to £81million (projected for 2014).
With a growth in EBIDTA of 67% from the last financial year, the combined turnover for Topsgrup and Shield this financial year is expected to be £170 million.
Increased growth, new business wins
“We are truly excited to have been named the Security Solutions Specialist of the Year,” said Dr Richie Nanda. “We have had an exceptional 12 months with increasing growth and new business wins. This award is testament to the team’s remarkable work ethic and our world class services and products. Though this award brings great pride to The Shield Group, it also brings a lot of responsibility and we endeavour to uphold the trust and loyalty that our clients place in our services.”
Also speaking about the award win, John Roddy (CEO of The Shield Group) added: “This is great news. I’m pleased for everyone at The Shield Group. We place a lot of emphasis on our specialised security model, Total Security Solutions (TSS), which is paying dividends. The acquisition from Topsgrup has allowed us to combine expertise and innovative knowledge to better our offering to clients while at the same time benefiting from economies of scale. This is further endorsement of our benchmarking security solution offering, and we look forward to the challenge of continuing the tradition of pushing innovation within the sector.”