Westminster Group Plc announces that it has acquired CTAC Ltd. CTAC is a specialist integrated provider of ‘high end’ security solutions to a blue chip client base including Brinks, DeBeers LV and Seven Trent Water who operate in operationally critical, high value and high profile fields such as cash handling, bullion storage, jewellery and diamond merchants, chemical storage and utilities.
A key strength of the business is its 24hour Alarm Receiving Centre (ARC) which is built, operated and certificated to the National Security Inspectorate (NSI) Gold standard, the highest level of such certification in the UK. The ARC operates as a 24/7 control & command centre and monitors alarm and video signals from over 1,000 systems across the UK, producing a strong recurring revenue stream.
Founded in 2004, the Company operates from a 3,000sq ft premises in Kidderminster, UK, supporting clients primarily within the UK but with a growing interest and significant market potential internationally.
Westminster has built a considerable global presence operating through established agents in 45 countries, offering a niche portfolio of security, defence, fire and safety products and services. The addition of CTAC to the Group continues Westminster’s expansion through the integration of complementary services. Synergistic benefits of the Acquisition include:
- Niche business in sector and good fit with Westminster’s core business;
- 24 hour Control & Command facility and Alarm Receiving Centre is a major enhancement to the Group’s service operations presenting cross selling opportunities to other Group companies and international clients operating across international time zones;
- Opportunity to add new services such as 24 hour travel advice, emergency medical & hostile extraction services to overseas travellers and third party remote monitoring & call centre services; and
- Ready built nationwide service team and infrastructure to serve Westminster’s increasing UK customer base, including Westminster’s recently announced contract with the Ministry of Justice covering 139 Prisons in England and Wales.
Following acquisition, the vendor and Managing Director of CTAC, Adrian Johnson, will remain with the Company as a consultant for a period of 24 months. All other staff, with the exception of Cathy Johnson, will remain with the Company.
Commenting on the Acquisition Peter Fowler, Chief Executive of Westminster Group, said:
“I am delighted to welcome CTAC into the Westminster Group. I believe the Company is at an exciting stage with tremendous growth prospects and by joining our Group we can now provide the investment and marketing infrastructure to help achieve that growth.
“The Company is an excellent fit for our business, broadening our scope of services and offering additional synergistic opportunities to our other Group companies. CTAC is an excellent fit with our RMS business and a clear benefit is for the two businesses to share resources and technologies as well as cross selling services.
“The 24 hour ARC and control centre is an excellent addition to our Group enabling us to offer a wide range of new services. It will be of particular benefit to our Close Protection business, Longmoor, who will use the centre for monitoring and management of operations and for intelligence gathering for client travel advice and emergency extraction services.
“The acquisition of CTAC, with its large UK customer base and sizeable recurring revenue stream, is also in line with our current strategy of enhancing our operations in the UK and Europe and in significantly growing high margin recurring revenue.
“I have been impressed by what Adrian and his team have achieved in the last few years and with the quality of CTAC’s operations and client base. I am sure that the business will continue to flourish as part of our Group and I would like to welcome Adrian and all of his team to Westminster and look forward to growing the business with them all.”
Adrian Johnson, Founder and Managing Director of CTAC added:
“This deal gives CTAC an excellent opportunity for accelerated growth through Westminster’s existing client base, infrastructure and international reputation.
“I am proud of what we have achieved with CTAC over the past five years and our success is due, in no small part, to the hard work and effort of all our employees. I have enjoyed working with Peter and his management team throughout this process and been impressed by Westminster’s friendly but businesslike atmosphere. This was one of the major factors in choosing to join Westminster together with the belief that our staff and business would benefit and thrive within the Group.
“We look forward to working with Peter and his team.”