Templewood Group purchases Contracts And Goodwill From Phoenix Security

The FM provider Templewood Group has successfully purchased the contracts and goodwill totalling £2.3M from Reading-based Phoenix Security.

Phoenix Security Services provides manned guarding services primarily in retail, as well as offering close protection and scenario training. Robert Clark, the co-founder and Managing Director of Phoenix, will become the new head of Templewood’s security arm. The deal will increase Templewood Group’s turnover to in excess of £10M.

The deal was brokered UK FM merger and acquisition specialist Morphose. Morphose was retained by Robert Clark last November to sell the company.