Peter Lynn & Partners Structure 6-Figure Merger Deal
Peter Lynn and Partners Solicitors have overseen a merger deal that secures the future of a family-run security company.
Security Solutions Wales, the Cross Hands-based safety and security company set up 20 years ago by brothers Rob and Mike Paull, has merged with leading fire and security counterpart Plexus FS in a landmark six-figure deal.
The merger will see the company continue to trade under its existing name and retain its offices on Cross Hands Business Park, with both brothers remaining in the business to facilitate a smooth transition.
“We are delighted to welcome SSW into the Plexus family,” said managing director Ross Adams. “We have ambitious plans for Plexus and one of our strategies for growth is through the merger or acquisition of local, well-respected businesses and when we realised Rob and Mike were open to merger talks, we were excited by the opportunities for both businesses,” he continued.
As a well-known brand with a solid reputation, Security Solutions Wales offers a range of safety and security services including CCTV, Fire Safety Systems, Intruder Alarms and more, and covers both the commercial and residential markets making them a perfect fit for Plexus FS.
“This was a great deal to work on,” said solicitor James Lewis-Hyndman. “Both businesses were keen to ensure the transaction was completed efficiently to minimise any interruption to customers and the merger not only gives SSW a bright future, but also gives Plexus FS a strong foothold into the West Wales market.”
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