EVOLUTION TRANSITIONS TO EMPLOYEE OWNERSHIP

APRIL 2022

Evolution has announced details of a new Employee Ownership Trust (EOT), which will see its staff become majority owners of the business. It is believed to be the first of the major independent security systems integrators to implement an EOT scheme to secure its long-term growth aspirations.

 

Evolution, which celebrated its 25th anniversary in 2021, has set up the EOT for the future benefit of all employees. In keeping with similar schemes, the Trust is effectively acquiring 77% of the company, which will be paid for by ongoing company profits until such time as the agreed purchase price is met. Every EOT member will then share in the profits for as long as they are part of the business.

 

Current owners and founders Richard Lambert and John Wust will retain 23% of the company to ensure management continuity, and as a signal of their ongoing commitment to employees and customers alike.

 

“Our wish has always been to create an environment where everyone can grow and be a part of the success of Evolution and the EOT does exactly that,” Richard says. “John and I are extremely excited about the future, as we all join together as partners in our ever-evolving business.” 

 

Louise Gough, Group Director of HR and part of Evolution’s senior leadership team, says the EOT provides a number of key benefits for staff: “Through our recruitment and people strategies, comprehensive training and development opportunities and benefits programme, Evolution remains totally committed to taking care of our staff and providing them with a great place to work.”

 

Brendan McGarrity, Director of Evolution Risk & Design and the new EOT added “The new EOT is another example of this, crucially providing each and every employee with a stable, long-term future, as well as providing all staff with the opportunity to become beneficiaries of the business’ future successes.”

 

Founded in 1996, Evolution has continued to grow and expand as a business, reporting a turnover of £30 million this year and now employs more than 200 people across six offices in the UK, Ireland and Europe. As part of its core business it delivers Professional Services consultancy and expertise in Risk & Design for major defence and critical infrastructure projects.

Another Stunning Accolade - What a Team!

From a major European Client on completion of a significant integrated security system in Europe:

Now that the dust has settled on the successful security commissioning, I wanted to take a moment to thank everyone involved for all of their support during the testing.

I would like to thank Troy and the extended EVO team for the professional manner in which they conducted themselves through out the week. Working long hours and addressing issues swiftly in order to not delay the schedule.

 Lets look forward to an equally successful partnership on the upcoming phases.

 Well done all.

Richard de Graaf joins Evolution BV

Evolution’s Netherlands company Evolution Security BV welcomes Richard de Graaf as Country Manager.

Richard has over 10 years experience in the security industry and has worked with Evolution’s UK business as a sub-contractor for the past few years. Pictured here on the left with Operations Director Neil Harris, Operations Manager ICTS Keir Jones and Head of HR Louise Gough.

Richard will be locally managing the business development in the region and continuing to build the installation and support team in the Netherlands.

Also a keen motor-racing fan he will obviously fit in very well!

Contract win for World's Largest Windfarm

Port of Tyne, Dogger Bank will be the base for the World’s Largest Offshore Windfarm.  

Dogger Bank is a joint venture between Equinor and SSE Renewables and when fully operation will be able to provide enough renewable electricity for over 4.5 million UK homes. 

Evolution will provide an integrated security package comprising of C*Cure, VideoEdge, Honeywell Galaxy and Stentofon. 

The Fire package will comprise of an L1 networked Honeywell Gent Avigilon as well as Honeywell Air Aspirating Sensing Technology

Evolution Security BV - The latest Evolution business

Evolution Security BV is the latest Evolution Group business formed to deliver and support our existing clients and develop future opportunities in the region.

The new offices at Treslong Business Park in Hillegom are just 25 minutes away from Schiphol Airport and will be the base for sales, service and stores as we continue to expand our reach.

Evolution & Bidvest Noonan partnership takes off

An eight year partnership with Axis Security resulted in several significant joint contracts for Axis speciality manned guarding and Evolution electronic security systems installation and maintenance.

Earlier this year Axis were bought by Bidvest Noonan the UK and Ireland services group. Bidvest Noonan employs over 27,000 people across the UK & Ireland and are the market leader for a wide range of outsourced services in Northern Ireland and the Republic of Ireland and a leading provider of cleaning and security services across Great Britain.

Several months later the Bidvest Noonan and Evolution partnership has delivered the first two combined security manned guarding and electronic security system maintenance contracts in London for Tower 42 and Devonshire Place.

Paul Baxter, Service & Maintenance Business Development Manager has commented “The hard work from both teams to secure these projects has paid off and we are excited to be continuing the Axis model with our new partners Bidvest Noonan.”