AIS snapped up
Nottingham-based AIS Total Security has been bought by Newcastle Upon Tyne-headquartered Goldshield Electronic Security for an undisclosed sum.
Goldshield specialises in the design, installation and maintenance of social alarms, security systems and fire and emergency lighting systems. The head office is based in Newcastle, with further offices in Glasgow, Edinburgh, York and London.
AIS managing director Mike Baines said: "Being part of the bigger Goldshield network will expand our service offering, strengthen our position in growing markets and enable us to further bolster our strong management team.
"It means we will be better positioned to innovate at an accelerated rate and achieve a higher level of growth as we will now be exposed to other market sectors."
Stuart Glover, managing director and owner of the Goldshield group, said "AIS's positioning in the electronic security market complements our existing expertise in fire detection and warden control systems.
"Goldshield's aim is to become the UK's leading independent provider of fire and security systems to the commercial marketplace, and the acquisition of AIS is another step in establishing this position."
AIS is the Goldshield group's third acquisition in two years.
The Nottingham company was founded by Paul Douglas and Mike Baines in 1989 and provides integrated electronic security services to the commercial, retail, corporate and leisure markets.
AIS will continue to operate under its name as part of the deal.
John Bryant and Rob Burden of Cooper Parry Corporate Finance originated and led the transaction.
Legal advice was provided by David Tilly and Jenny Allen of the corporate team at Geldards.
