ISS UK acquires Pegasus Security Holdings Ltd.
ISS has acquired 100% of the share capital of Pegasus Security Holdings Ltd. in the UK. Pegasus, with annual revenues in excess of £40m, is a national provider of manned guarding services, with Headquarters in London and national coverage through 8 region
The acquisition of Pegasus provides ISS UK with a significant platform entry into the Security Services market place and will be at the centre of the company's continuing growth and expansion of its "Office Services" operations.
Pegasus is one of the top providers of manned guarding services to both Public and Private sector customers. The company has an impressive range of clients including the Foreign & Commonwealth Office, QE II Conference Centre and the London Eye, as well as some existing ISS customers such as Marsh Ltd.
With a work force in excess of 1600, Pegasus has developed a reputation for recruiting and retaining high calibre staff. The company's staff turnover is believed to be the lowest in the contract security industry.
Pegasus management, including Managing Director, Paul Jacomb, have all elected to remain with the organisation thus providing long term stability and security for the company, its employees and customers.
Andrew Price, Managing Director of ISS FS' Integrated Services Division, comments: "I am delighted that Pegasus has chosen to join us. The business is a perfect fit with our aspiration to extend our services portfolio and will add significant weight to our Integrated Facility Services offer."