Axis Fire and Security Services Limited, the Hampshire-based electronic security system provider, has been acquired by Dorset Electrical and Fire Alarms Limited.
Formed in 1986, Axis provides design, installation, commissioning, maintenance and repair solutions for systems such as fire and intruder alarms, access control systems, CCTV security and door entry systems. Serving a client base of circa 2,500 active accounts, predominantly located in Hampshire, the company provides products and services to a number of sectors, including residential, commercial, schools, retail establishments and warehouses.
KBS Corporate ensured that a full analysis of the UK buyer market was conducted, which saw trade buyers within the fire and security sectors, private equity and venture capital investors being presented with the opportunity to acquire Axis. As a result, fifteen prospective parties signed NDAs, which led to two buyer meetings and an offer for the company.
The acquirer, Dorset Electrical and Fire Alarms Limited, is a Poole-based installer of fire alarms and electrical systems, offering services to clients throughout the county of Dorset and region of the South West. With the firm operating within the same sector as our client, and located in such close proximity, the acquisition made way for obvious synergistic and geographical benefits between the two companies.
The deal structure ensured that the full consideration was paid upon completion of the sale, which ultimately exceeded the expectations of the exiting shareholders of Axis.