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Aberdeen Growth Opportunities VCT PLC

 

Growth Capital

ID Support Services Holdings Limited

In March 2007 Aberdeen invested £3m to support the management buy-out of ID Support Services Limited (“IDSS”), a group providing electronic security systems and climate control solutions.

IDSS has two divisions, ID Technology Group specialises in the provision of CCTV, access control and electronic article surveillance whilst GK Industrial installs and maintains air conditioning, ventilation, heating and refrigeration systems. Both divisions serve a number of multi-site, blue chip clients across the retail, gaming, leisure, commercial, industrial and public sectors.

With a head office in Manchester and a site in Doncaster, the group employs over 100 people and turnover is expected to reach £18m this year. The markets that IDSS operates in provide significant opportunities for future growth particularly with the changes in the gaming industry and awarding of new casino licences along with environmental legislation which is driving organisations to reduce carbon emissions and energy costs

Aberdeen and management provided equity funding with Chairman, Brian Dunn, and Managing Director, David Metcalfe, continuing to develop the business and lead future growth and expansion.


ID Support Services Holdings Limited

ID Support Services Holdings Limited

Initial Investment: March 2007

Company: ID Support Services Holdings Limited

Company website: www.id-group.co.uk

Deal Type: MBO

Funding: £3,000,000

Sector: Support Services

Team: Growth Capital

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