AES Systems Ltd Sold in Deal Advised by KBS Corporate
AES Systems specialise in the supply, installation and maintenance of fire alarm and safety systems and was acquired by Churches Fire Security Ltd for an undisclosed sum.
This highly acquisitive company are based in Chandlers Ford and provide customers nationwide with fire safety solutions.
The deal, which attracted seven buyer meetings and three offers, completed on 27 May 2014 just five months after an indicative offer had been received.
KBS Corporate’s national law partner, Gateley LLP advised on the legal fees for AES Systems through to completion.
The deal completed in a full share sale and Mark Barber, Managing Director of AES Systems will retain the e-commerce platform of the business.
Ryan Bilsborough, Deal Executive at KBS Corporate led the deal through to completion and said the acquisition will allow Churches Fire to expand the business even further.
He added: “I am delighted to have advised on this deal and pleased we were able to find AES Systems a suitable buyer. I wish Mark and Churches Fire the very best for the future.”