Fidelity Services Group has acquired a majority shareholding in SSG Holdings after obtaining all the requisite regulatory approvals. SSG, established in 2014, is a multi-service provider offering cleaning, hygiene and security services. Currently, the company provides services to clients in the mining, commercial, retail, industrial, and government sectors. The company headed by former Springbok captain, John Smit, operates across 14 locations nationwide with a dedicated workforce of nearly 9,000 employees.
The acquisition will grow Fidelity’s footprint to over 255 locations and grow its workforce to about 69,200 employees across South Africa. Fidelity added that the transaction marks a significant milestone in its continued mission to deliver worldclass integrated facilities services across Southern Africa.
The acquisition also adds to Fidelity’s track record on strategic expansion, including previous high-profile acquisitions such as ADT South Africa, Bidvest Protea Coin Cash Management Solutions and key assets from National Security. According to the Group, these transactions significantly enhanced the company’s scale and service capabilities.
“This deal strengthens Fidelity’s leadership in commercial integrated security, cleaning, and facilities management. Welcoming SSG’s experienced leadership and committed to the Fidelity family is completely aligned with our continued focus on operational excellence and innovation,” said Wahl Bartmann, CEO of Fidelity.
Under the terms of the agreement, SSG will become a subsidiary of Fidelity and will continue to operate under its own brand and existing leadership team. Fidelity said that a
comprehensive management retention programme that forms part of the transaction aims to ensure continuity, performance, and alignment with Fidelity’s long-term growth objectives.
“As a proudly South African company, SSG is extremely excited about the opportunities
this partnership presents to our customers, stakeholders, and employees. Fidelity’s diverse expertise and deep resources will allow us to elevate our services even further – while remaining true to our commitment to service excellence,” said John Smit.