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Spratt Endicott completes £2.75M acquisition of Nikaro for Securitas Mobile

The nationally recognised Thames Valley law firm Spratt Endicott, was the firm of choice for Securitas Mobile on its recent acquisition of mobile security services company Nikaro from the Go-Ahead Group, in a deal estimated to be worth £2.75M.

Senior partner John Spratt and Hitendra Patel led the Spratt Endicott team, which included Catherine O'Riordan and Ian Jenkinson (Corporate), Carol Shaw (Employment), Neil Belcher (Commercial Property) and specialist consultant Christine Ward (Tax).

John Spratt, senior partner at Spratt Endicott Solicitors, comments: "The smooth progression of this deal and its favourable outcome within a challenging time frame of less than four weeks met our client's requirements, and that makes us happy. Not only does it demonstrate the expertise available at Spratt Endicott, it also showcases our teams' efficiency in resolving negotiations within a short timescale."

Andrew Natt, Managing Director of Securitas Mobile, says: "We are very excited about our recent acquisition and how it will help us extend our service network. The success of a mobile patrol and response service is centred on the size of the branch network and fleet that supports the service, so I am delighted with our acquisition of Nikaro, which will only serve to broaden our national network and improve our overall service levels.

"Spratt Endicott's work throughout the entire acquisition process was proactive and surefooted. We enjoyed working with them and were pleased to get a good deal done successfully and on time. Spratt Endicott has certainly lived up to its reputation for providing high quality legal work and we would have no hesitation in using the team again."

Securitas Mobile is a market leader in 24-hour mobile security and has the largest mobile vehicle fleet in the UK, offering security services including keyholding alarm response, external and internal building patrols and inspections as well as lone worker protection. Now a part of Securitas Mobile, Nikaro brings over 750 vehicles and 1,200 trained security professionals to the company's extensive fleet.

The Go-Ahead Group was advised by Elliot Laurie, its in-house counsel, with external specialist assistance from Jon Robinson of Pinsett Masons (Tax), Eleanor Richardson of Davies Arnold Cooper (Property) and Kerry Garcia of Stevens & Bolton LLP (Employment).

 

 

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Article published by Midlands Business News on 3 November, 2010

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