TC Facilities Management has acquired London-based security business, Equinox Security Management, for an undisclosed consideration.
The acquisition takes immediate effect but Equinox will continue to operate using the same name and management team, although under the TC Facilities Management umbrella.
Paul Kennedy, Chief Executive Officer of TC Facilities Management comments: “This is a truly significant move for us. We have bought a company with great talent, value adding systems and a proven track record. It is privately owned with outstanding levels of customer service, significant skill base and a good client retention record, making it a perfect fit with TC Facilities Management and our service ethos.”
Paul continues: “The purchase is a key element of TC Facilities Management’s UK expansion programme and puts us on track to hit strategic FM service, growth and acquisition targets for 2013 and beyond. It is an exciting time for the business and we would not rule out additional acquisitions in the future.”
The acquisition of Equinox, which has clients in the Retail, Shopping Centre, Events, Business and Industry sectors, will help propel TC Facilities Management closer to achieving its “Big Hairy Audacious Goal (BHAG): ‘to deliver integrated facilities management services brilliantly well, continually adapting and innovating to our customers’ changing needs’.
The purchase also further strengthens Surrey-based TC Facilities Management’s geographic presence across the UK.
TC Facilities Management works with many high performing organisations including Tesco who they have been providing solutions to for over 50 years. It currently services over 1,100 of the retailer’s stores and although it already delivers security solutions to Tesco using a
Preferred Service Provider, the acquisition of Equinox will enable TC Facilities Management to explore previously untapped markets.
Equinox Managing Director, Steve Boyden, says: “The acquisition by TC Facilities Management has been seamless and it is very much business as usual. The news has been well received by the company’s staff and customers. We have taken the time to fully explain the details to them and they understand that there will be no front-line management changes.”