Pannone Corporate has advised on the cross-border strategic investment in risk-led intelligent security solutions provider, Amberstone Security.
The Manchester firm acted as legal adviser to Argenbright Group, a leading provider of human capital services headquartered in Atlanta, Georgia. Through the transaction, the US company will re-establish its UK presence and plans to expand into Europe with Amberstone as its platform company.
The Pannone team was led by Tim Hamilton and included Ashi Amershi, Andy Walsh, Belinda Cheung and Humera Patel.
Tim Hamilton said: “We’re delighted to have acted for Argenbright on this deal and look forward to working with them on the exciting journey that will see them develop as a significant player in the UK and European security sector.
“Argenbright has extensive experience and a strong reputation in the international security market, stretching over four decades. This strategic transaction will extend its global reach and capitalise on the rapid growth Amberstone has experienced in a short space of time.”
Amberstone services key customers in the retail, warehousing, and logistics sectors.
Frank A. Argenbright Jr., Executive Chairman of Argenbright, said: “We are excited to be back in the security business in the UK and I personally look forward to sharing my experiences of providing legendary service and technology-driven solutions to valued clients with the leadership team to help Amberstone take the business to the next level.”
Argenbright intends to invest in growing Amberstone, by adding significant capabilities in account management and sales, as well as selective strategic acquisitions.