26th March 2015
Milsted Langdon has brought success for a family business by completing the sale of Guest Fire and Security Limited.
This Yeovil-based firm, formerly owned and managed by Clive and Pamela Guest, celebrates 25 successful years of trading this year. The buyer, Cardiff-based SGD Security Limited, is also a family business, owned and managed by two generations of the Witts family.
The company will continue to carry the Guest name, as both the buyer and seller are keen to ensure that the same quality service associated with a family business continues into the future.
Commenting on the recent transaction, Clive Guest said: “Handing over to the next generation is not always the best solution for a family business. Our children have considerable talents and capabilities outside of the business and we have always sought to encourage them in their chosen careers. The success of both is a common desire for most family business owners.”
Milsted Langdon’s corporate finance partner Susannah Adams concluded: “I am absolutely delighted that we have found such a compatible buyer for this well-respected, highly accredited and long established business. As a family company, SGD shares the Guest Fire and Security ethos of the personal touch and committed customer service. Furthermore, it has provided the perfect solution to provide the best possible succession for Clive and Pamela.”
Picture, top right: Susannah Adams