Clearwater International has advised leading security business, Stag Security Services (“Stag”), on its £13 million sale to Servest-UK.
Stag was established in 2002 and is dedicated to providing a range of manned and electronic security systems for major construction, infrastructure and utilities sector contractors and blue-chip corporate clients throughout the UK. Clients include Balfour Beatty and Carillion and Stag Security is the majority security provider to London’s Crossrail project. The business, which employs over 600 staff nationally, recorded a turnover of £15 million in 2011.
Servest is a multi-service group providing an array of services from pest control to landscaping and waste management to cleaning. The UK firm is part of South African-based Servest Group which serves over 7,000 clients throughout South Africa and the UK. Clients include Tesco, Primark and the Natural History Museum.
Clearwater International’s support services team advised the shareholders of Stag Security on the deal and comprised partner, Paul Jones and assistant director, John Clarke.