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Evergreen Capital, a New York-based investment firm has purchased Armourguard.
Armourguard is the only New Zealand business in Evergreen’s portfolio, which also includes companies from Fiji, Europe and the United States. Its businesses operate in the telecommunications, real estate, chemicals and plastics, and automated payment processing sectors.
General Manager Cash Services Brian Pickering says 'this is good news for Armourguard and our customers because it gives us far more say in the way our business runs. As a result, we can now more rapidly respond to customers’ needs and market opportunities. The nature of our business remains unchanged, we continue to be one of New Zealand’s largest and most trusted security services providers, offering cash management and transit, guard and patrol services nationwide."
At present we have more than 1700 permanent employees, and many hundreds more who work for us on a temporary or casual basis. Armourguard has 14 branches, which are based in: Whangarei, Auckland, Hamilton, Tauranga, Rotorua, Hawke’s Bay, New Plymouth, Palmerston North, Wellington, Nelson, Blenheim, Christchurch, Dunedin and Invercargill.
The business is headed by a management group that consists of: Mark O’Brien (Manned Services), Brian Pickering (Cash Services), Shane O’Halloran (Risk, Health and Safety, and Human Resources), Nick Thomson (Finance) and Ian Anderson (Business Improvement).