Fire Logistics Limited Sold in Deal Advised by KBS Corporate
KBS Corporate has advised on the management buyout of Fire Logistics Limited, a Newcastle-based designer and installer of fire safety systems and products.
Formed in 1999, the company has been in the ownership of the exiting shareholders since inception. Looking to retire, the shareholders approached KBS Corporate in order to realise their exit strategy.
Fire Logistics specialises in providing high quality fire safety solutions including sprinkler systems, fire extinguishers and fire alarms, alongside installation and maintenance services and fire risk assessments. With its unrivalled knowledge of the industry, the company can provide services and products tailored to the individual client.
KBS Corporate conducted a robust research strategy, in which predominantly trade buyers were contacted. Twelve interested parties came forward and signed NDAs, resulting in two buyer meetings and offers.
Ultimately, a proposed MBO deal with Fire Logistics’ internal management team proved to be the best outcome for our client, due to the management team’s existing knowledge of the company and sector.
Tom Eatough, Deal Executive at KBS Corporate, managed the deal through to completion.