Irish-founded security and facility management firm Bidvest Noonan will be nearly doubling its revenue this year to €800m with the purchase of Cordant Services, a leading UK competitor. The acquisition, from private equity owner Twenty20 Capital, will give Bidvest Noonan a major footprint in the UK, making the company the fourth largest security firm in the market after Mitie, G4S and Securitas. Cordant is the second big UK deal for Bidvest Noonan in the last five months following the purchase of Axis, a security, cleaning and front of house services company, in January. The company also bought Irish companies Interact, an engineering business, and Ancove, a specialist waste management firm this year, only closing on Interact this month. “This is a landmark moment for Bidvest Noonan and Cordant Services, as together we will deliver even greater support and value to our clients and create more opportunities for our people,” said Bidvest Noonan chief executive Declan Doyle.

Source: Irish Independent May 27, 2021 17:32 UTC