Two of the biggest names in the security and loss prevention sectors are to come together as part of an ambitious alliance following the announcement that the business and assets of Cardinal Security Ltd have been acquired by Amberstone from administration. The result of this deal will see the creation of Amberstone Guarding, which represents a new addition to the business’ existing electronic security solutions offer.
The alignment to a technology and systems business will enhance the existing provision of security officers, create efficiencies and add value to the overall service offering in what is an increasingly challenging retail landscape.
Headed up by CEO Jason Trigg, the founder and former owner of Cardinal Security Ltd, Amberstone Guarding’s senior management team is being strengthened by the addition of Andrew Gillies (managing director), Mark Ault (operations director), Matt Allen (European director) and Steve Evans, who’s serving as commercial and strategic director.
Trigg informed Risk Xtra: “I’m pleased to say that, after 15 months out of the industry, and although deeply saddened with the situation in which Cardinal found itself, I’m very excited to be back to drive forward this exciting opportunity of bringing together one of the major suppliers of intelligence-led security guarding and loss prevention services with the leading provider of electronic solutions to the retail and logistics industries.”
He continued: “Cardinal Security Ltd entered financial difficulty after suffering a number of high-profile bad debts during the course of this year. Our acquisition will enable us to rescue the Cardinal business and ensure a seamless continuity of service to its customer base, as well as preserving the employment of its workforce.”
Further, Trigg observed: “The alignment is designed to drive growth and deliver efficiencies. As part of the acquisition, both businesses have been recapitalised to facilitate further expansion through both organic and acquisitive means. Significant investment has been secured which will provide the combined business with a strong capital base to deliver the growth planned by the new management team. This acquisition sees a group of individuals with lengthy experience in the UK security industry being headed up by myself in what’s an extremely exciting new venture.”
In an industry dominated by either large-scale, multi-service providers or small and regional operators, Amberstone will continue to provide a specialist security service tailored to the ever-increasing requirements of its national and overseas customer base in the retail and logistics sectors.
Andrew Gillies explained: “This is an exciting time in the development of Amberstone and we look forward to continuing and building upon the relationships we have with customers, while also providing exemplary service delivery into the future.”