News Room

March 2007

Aberdeen leads ID Support Services buy-out

Aberdeen Asset Managers Growth Capital (“Aberdeen” or “AAMGC”) have led 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 Ł18m 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 Royal Bank of Scotland (“RBS”) providing the debt and additional banking facilities. Chairman, Brian Dunn, and Managing Director, David Metcalfe, will continue to develop the business and lead future growth and expansion. Grant Thornton Corporate Finance in Manchester advised the management team and introduced the opportunity to Aberdeen who secured the mandate via a competitive process.

Aberdeen’s Northern based Growth Capital team of Andrew Craig, Ryan Bevington and Jonty Hall led the transaction which completed a hat-trick of deals for the team in as many months following the buy-outs of Bolton based Oliver Kay and Durham based Martel Instruments.

Brian Dunn, Chairman, IDSS, commented:

“IDSS is very pleased to have Aberdeen as a partner to help the business develop and grow rapidly into the exciting market opportunities available to it. Aberdeen were always our preferred choice because we felt that they shared our vision and ambitions for the group's future development and were able to demonstrate a track record of success in the support services sector."

Andrew Craig, Investment Director, Growth Capital, commented:

“Aberdeen is delighted to be the equity partner for IDSS, we have been impressed with both David and Brian and the rest of the senior management team and look forward to working alongside them as the business enters an exciting new stage of development."

Aberdeen Asset Managers Private Equity is the private equity division of Aberdeen Asset Managers Limited which is authorised and regulated by the Financial Services Authority. The information contained in this website does not constitute an offer of, or an invitation to apply for securities in any jurisdiction where such an offer or invitation is unlawful, or in which the person making such an offer is not qualified to do so. We accept no responsibility for the content of any external websites.