Wed, 21 Mar 2018 | MBO/MBI
The management team at a fire protection device firm has put pen to paper on a deal to take control of the company, thanks to some support from private equity.
The team at Checkmate Fire Solutions, a firm that conducts fire safety and installs appropriate devices, worked alongside YFM Equity Partners to complete a management buy-out (MBO) earlier this month.
Checkmate Fire counts a wide range of companies among its clients, including those in the facilities management and construction sector, healthcare companies, social housing, hospitality, prisons and commercial property. It offers a range of services such as fire door installation, surveying, restoration and installation, as well as a suite of fire resistant glazing products.
A period of significant growth and good revenues in recent years lead a management lead by chief executive Mark Williams to explore instigating an MBO.
Williams brought on board colleagues Dave Woffendin and Tomasz Wisniewski, finance director Alan Wilson and chairman Simon Moate, outlining a plan to invest in Checkmate Fire’s sales and operations in order to “accelerate growth across all areas of the business.”
The team then got backing from YFM, which targets established UK businesses with ambitious management teams, and signed a deal to mark the fifth investment from the private equity firm’s latest fund.
Ian Waterfield, YFM’s investment director, said that Checkmate Fire’s strong reputation and consistent growth made it a fitting target for investment. He added that YFM would work alongside Checkmate Fire to deliver their “ambitious growth plans”.
Mark Williams, chief executive at Checkmate Fire, added: "We are delighted with both YFM's investment and the expertise the team will provide.
“We are looking forward to working closely with YFM to enable us to deliver our growth plans and reach the company's true potential."
E-commerce retailer of football equipment to schools football clubs & the general public. Key products include specialist training equipment footballs goals & other coaching materials.
Specialist utility services provider delivering contract services for telecommunications & fibre-optic networks. Works include the installation of ducts micro-ducts access chambers street cabinets & fibre optic cable installation for major blue-chip...
Provides bus & coach services on behalf of local authorities universities & private companies throughout the North East of England.
22
|
Jan
|
630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS
According to the most recent Red Flag Alert research from Be...
21
|
Jan
|
ProCook considering sale as it undertakes strategic review | BUSINESS NEWS
Kitchenware retailer ProCook is to undertake a strategic rev...
20
|
Jan
|
Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE
Modular space leasing business Modulaire Group has announced...
Sign up to receive our acquisition alert emails to get your FREE guide
23
|
Dec
|
Wakefield Acoustics subject of £4 million MBO | MBO/MBI
A management team at Wakefield Acoustics has completed a &po...
24
|
Jun
|
Macro Art undergoes MBO | MBO/MBI
A Cambridgeshire printing firm has changed following a manag...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources