Evander Glazing & Locks, the 24-7 emergency response and repair provider of glazing and locks, has been acquired by VPS, the vacant property and site security contractor.
VPS acquired Evander from Bridgepoint Development Capital (BDC) and Lloyds Development Capital (LDC), who have co-owned the business since 2011. Based in the UK, the VPS Group provides security (including its SmartAlarm product range, CCTV, steel screens, manned guarding and live-in guardians), and property management (clearing, cleaning, waste disposal, maintenance and grounds services). Customers include social housing bodies and pub and other retail, industrial, construction and infrastructure companies. It has 20 depots in the UK and operations across mainland Europe including France, The Netherlands, Germany, Spain and Italy. VPS has more than 1,100 employees, with 750 based in the UK.
Evander, based in Norwich, has 19 depots and 297 engineers, to provide 24-7 response and fulfilment services to the insurance and commercial sectors as well as direct to consumers. Two thirds of its business comes from the insurance sector and include the largest domestic home insurers in the UK.
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VPS Group CEO Mark Silver said: “Evander’s excellent reputation for providing responsive security services is a great fit to our market-leading property security and services business. With very similar customer requirements and challenges, we are confident that by working together we can expand both our operational spread and develop into new segments, as well as being able to enhance our services offering to our shared customer base. We look forward to working with the Evander team to expedite this.”
And Rick Francis, CEO of Evander, added: “The business will benefit significantly from becoming part of a larger platform with ambitious plans for growth in the sectors we operate. It will allow us to accelerate the level of innovation to the services we currently provide and to extend a wider range of services to our client base. Our team are delighted to be joining a business that has substantial opportunities for growth.” The two are pictured.
