CEO Daniel Davies said the disposal of the Birkenhead-based security business, which specialises in the food sector and employs 160 members, will allow him to focus on his strategy of looking for suitable acquisitions within training and software to further strengthen the CPL Training Group portfolio.
CDO Group was established in 2008 by Davies, along with finance director Peter Moss and security director Barry Graham, who will join Kingdom as director of logistics.
Davies said: “CDO Group has developed into a highly successful business offering its clients bespoke security services, but it is not core to our business. The change of ownership enables CDO Group to continue its development and we wish the team and its new owners, Kingdom Security, every success.
“This disposal also allows me to focus on CPL Training Group’s strategy to explore acquisition opportunities within the field of training and software and to further consolidate our position as the leading training company within the licensed hospitality sector.”
Terry Barton, managing director of Kingdom Security, said: “Our ambition is to grow each of the ten sectors we currently specialise in. This acquisition represents the continued desire for Kingdom to increase significantly its market share and to develop further its current extensive customer base.