MBI of Pegasus Security Group backed by Primary
Primary has backed the management buy-in of Pegasus Security Group Limited by two experienced security industry senior executives, Paul Jacomb and Perry Simpson. The business was sold by five private individuals. Total funding for the transaction was £10 million.
Pegasus is a major provider of security staff for manned guarding duties in high profile office premises and government buildings on sites throughout the United Kingdom. With turnover of over £16 million, it employs almost 1,000 staff though a network of nationwide offices based in London, Reading, Birmingham, Manchester and Edinburgh. Pegasus provides services, including logistics and facilities staff, to over 130 blue chip clients whose principal requirement is consistent, reliable, high quality service delivery.
The new management team, which has been working closely with the former owners of the company, will considerably strengthen the position of Pegasus in the security services marketplace. Paul Jacomb becomes Managing Director, with Perry Simpson as Deputy Managing Director.
Contact Jackie Adams for more information
Tel: +44(0) 20 7920 4800