Squire Patton Boggs has advised the UK’s leading vacant property services provider Orbis Protect on the acquisition of Veritas Property Management, a specialist property, security and maintenance expert.
The team advising Orbis Protect was led by Corporate partner Paul Mann, and included director Jayne Aarons, senior associate Louisa Hine, and associates Sarah Hardman and Harry Hobson.
Orbis Protect employs more than 500 staff across 20 UK locations, working with clients across the private and public sectors. Its services include site security and CCTV for housing, construction and other vulnerable asset protection leveraging its secure monitoring services, as well as vacant property management – from cleaning and clearing, to infection control and pest control. Orbis also offers out of hours call centre services and lone worker solutions, protecting more than 50,000 workers annually with personalised alarm services.
The acquisition of Veritas Property Management supports Orbis’ plans to expand its services and grow its existing commercial business across the UK.
Founded in 2005, Veritas Property Management is a leading property services provider within the UK commercial property market, offering services which include CCTV and alarms, site security and vacant property management. Veritas delivers end-to-end services, primarily to customers within the commercial sector including property managers, FM providers and insolvency practitioners.
Paul Mann commented: “We’re delighted to have advised Orbis Protect on this strategically important acquisition. The synergy of services offered by both businesses will improve Orbis’ offering, help to accelerate innovation and grow its future customer base.”