Altius Corporate Finance are delighted to announce the sale of Veritech Systems Ltd which has been sold to a new entrant seeking to operate a national buy and build strategy.
The last few years have shown the incredible buoyancy of the UK security sector. Demand for man-guarding within the UK has increased over the past few years, notably since the Covid-19 Pandemic. Even now, the strong trend we have seen over the past couple of years continues, with large corporates looking to acquire within the sector and benefit from synergies and government investment.
During the marketing campaign, ACF generated a vast amount of interest for the sale of Veritech Systems. Veritech is an award-winning market-leading security provider that specialises specifically in the man-guarding of premises. The business provides an unrivalled range of security including CCTV, Access Control and Security Guards. It has previously won various awards and accolades due to the excellent service it provides.
Business Broker, Nathan Miller stated: “I’m extremely pleased for all parties involved. Due to the size and complexity of the deal, there were several hurdles to cross before completion. All parties worked tirelessly to make this a reality. I wish both the buyer and the seller all the best for the future.”
Our client’s comments on the sales process were: “It was brilliant to get the business sold, my feelings upon completion were relief.”
