The deal sees AIS become part of the Newcastle-headquartered Goldshield group as it looks to move into new market sectors.

Mike Baines, managing director of AIS, comments: ‘Being part of the bigger Goldshield network will expand our service offering, strengthen our position in growing markets and enable us to further bolster our strong management team.’

Founded in 1989 by Baines and Paul Douglas, AIS provides CCTV and intruder detection products. Post-deal the business will continue to operate under the same name.

Goldshield specialises in the design, installation and maintenance of social alarms and fire and emergency lighting systems. Away from its Newcastle headquarters the business has other operations in Glasgow, Edinburgh, York and London.

Stuart Glover, managing director and owner of the Goldshield Group, says: ‘Goldshield’s aim is to become the UK’s leading independent provider of fire and security systems to the commercial marketplace, and the acquisition of AIS is another step in establishing this position.’

Cooper Parry Corporate Finance advised on the deal. John Bryant, partner for corporate finance at Cooper Parry, says that the two businesses have a good strategic fit, from both a geographic and operational perspective.

He adds: ‘The acquisition will enable AIS and Goldshield to benefit from each other’s strong position in their respective markets and yield significant growth for the combined group.’