Adare SEC

Management / Secondary Buyout

Adare SEC (“SEC”) is a leading provider of Integrated Communication Solutions. Divided into two specialist divisions; Secure Solutions and Essential Comms, Adare SEC has three secure locations throughout the UK, over 500 employees and is trusted by many leading organisations.

The Essential Communications division provides technology-led, Integrated Communication Solutions to private and public sector clients who need to control the cost, quality and efficiency of their printed and electronic communications. SEC produces and send over 700 million critical customer communications every year, in both physical and electronic formats in line with the customer’s preferred channel.

The Secure Solutions division provides paper-based and electronic secure products and solutions to leading organisations across the globe to ensure that their documents, assets and identities are protected from fraud and replication. From education documents to event tickets, their secure, accredited production facility based in Redditch is trusted by many leading organisations across the globe.

Endless acquired SEC in 2015 from a syndicate of financial institutions as part of the Adare Group, which consisted of four divisions (including Adare International) with different markets but a common theme in the communications and print sector. The syndicate agreed to sell the Group to Endless based on its compelling proposition to acquire the whole Group in an expedited timeframe despite a number of complex deal and legacy issues. In particular the syndicate valued Endless’s unique ability to complete its own financial due diligence of all four divisions of the Group within a two week timeframe. SEC was carved out to become a separate entity in August 2017.

Since our investment in 2015, SEC has continued to grow organically, via acquisition and also its service offering. The acquisition of SEC Nottingham out of Polestar in 2016 has helped to create a first class multi-site capability which also includes Payment Card Industry compliance and means SEC can now accept, process, store or transmit credit card information.  SEC also acquired significant operations of Banner Managed Communications in 2016, providing dedicated facilities for its blue chip insurance industry customers.

As well as supporting these acquisitions, Endless has also provided capital for further investment in the SEC datacentre which has enabled a flexible operating model to be designed to match productivity to customer requirements. Investment in state of the art equipment via key service partners in Ricoh and Canon has complemented the digital and e-service transformation that has been underway for the last two years. Further additional major investment plans have already been approved to enhance SEC’s customer proposition over the coming years.

James Woolley, who holds responsibility for SEC at Endless commented: “The future for Adare SEC is exciting as the Company continues its growth into digital communication while retaining its core strength in traditional print. The demand and ever increasing regulation around communication services across all of SEC’s channels provide a strong market backdrop for the Company.”