Sat | Dec 16, 2017

Guardsman eyes Caribbean expansion

Published:Wednesday | May 6, 2015 | 12:00 AM
Co-managing director of Guardsman Group, Vinay Walia.

Guardsman Group's disposal of non-core assets is meant to generate cash for expansion of its pest control franchise and other operations, the security company said Monday.

Guardsman has placed the historic Sign Great House on the market at the same time that it is advertising nature park Serenity for sale.

The security company has owned the great house, said to be about 200 years old, since 1988. The property located outside of Montego Bay also includes a 25-room cottage colony on 60 acres. Serenity Park is a 30-acre farm at Bushy Park, St Catherine, that was established as an animal sanctuary by Guardsman in 1986. The animals have been donated to the Hope Zoo.

Guardsman Group is primarily a security services firm and technology provider which operates 12 businesses in Jamaica, St Vincent and the Grenadines, St Lucia, and Barbados that employ more than 6,000 workers.

Co-Managing Director of Guardsman Group, Vinay Walia, said Monday that the company is evaluating its portfolio of assets, "and the sale of these non-core assets will generate the necessary cash flow to finance our future projects and Caribbean expansion".

Walia said that Sign and Serenity are the only two

property sales on the cards at this time.

Guardsman's last shift into new markets was to Puerto Rico and US Virgin Islands as distributor of Orkin's pest control products, but Walia declined comment on what this year's projects entail.

"The Guardsman Group is expanding throughout the Caribbean, and as the opportunities present themselves we will be ready," he said. "During the 2015 year, we will continue to grow both the Orkin and the Guardsman services regionally."

Guardsman secured the Orkin franchise and entered the pest control market in 2010.

avia.collinder@gleanerjm.com