Management sign deal for fire protection business

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."


Share this article



Latest Businesses for Sale

Iconic British Motorcycle Manufacturer
Oxfordshire, South East, UK

Hand built in their workshop in Oxfordshire and delivered to enthusiasts and collectors all over the world, this is a fantastic and very rare opportunity to take on a truly iconic brand and develop the business to bring out the full potential that br...

Asking Price: £3,750,000
Turnover: £500,000

RELOCATABLE


Recruitment Company: Transport, Logistics & Warehousing Sectors
North West, UK

Offers a comprehensive employment process to ensure all candidates are qualified and meet the required safety and licence checks. Offers invited.

Asking Price: Offers Invited
Turnover: £3,200,000

LEASEHOLD


Business Resilience Continuity Consultancy
London, UK

Provides a range of specialist consultancy through planning, training and exercising, with a focus on crisis management and business resilience and continuity. Offers invited.

Asking Price: Offers Invited
Turnover: £713,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Jun
 

Equity funding reaches record high for SMEs | BUSINESS NEWS

As investment rises outside of the capital, small businesses...

 
14
 
Jun
 
 
13
 
Jun
 

Sipp firm with a total investment value of £130m enters administration | ADMINISTRATION

GPC Sipp Limited, a firm specialising in providing technical...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
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...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources