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 regional offices.
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."