International Corporation – one of the leading security guarding providers in North America – has recently acquired a strategic stake in Gateshead-based contractor St James Security.
IPC was founded over 25 years ago by its current president and CEO, Howard Kaplan. From a standing start in 1978, IPC’s turnover now approaches $200 million per annum, the revenue mainly derived from security services provision at over 400 shopping centres across the United States.
St James Security was established in 1997 under the direction of current managing director Peter Durham (pictured above). The company is well respected within the industry as the provider of security guarding services to leading high street retailers, as well as property investors and developers including Capital Shopping Centres plc (the owner-operator of the MetroCentre in Gateshead).
Speaking exclusively to Security Management Today about the deal, Peter Durham said: “IPC has massive US retail security experience from which we can benefit and then use to build on our existing success in delivering high levels of customer services. We will be relying upon the continued reputation for quality and service of both companies as a platform for growth over the next few years.”
