KBS Corporate Advise on Sale of Firex U.K. Limited
Firex U.K. Limited, a Bedfordshire based specialist in comprehensive fire safety systems, has been acquired by Trafalgar Fire for an undisclosed sum.
The deal, which competed in March, will allow the current shareholders of Firex to pursue unrelated interests and provide Trafalgar Fire with a strong and successful servicing and installations business with a similar ethos to their own.
Firex operates throughout Bedfordshire, Buckinghamshire, Hertfordshire and the Home Counties, and has developed an outstanding reputation amongst its customers, leading them to be recommended by many leading fire safety institutions.
Trafalgar Fire, which is based out of Northampton, provides a complete range of systems and services including risk assessments, detection systems, suppression systems, fire extinguishers and systems maintenance. Owner John De Groot was one of 22 parties who expressed their interest in acquiring Firex.
Firex will remain in its current Bedfordshire premises and retain its staff, whilst the outgoing owners will provide a handover period for a minimum of one year.
Andrew Dodd, Corporate Director at KBS Corporate managed the deal to completion and commented, “We retained an excellent relationship with both the buyer and seller throughout, with both parties eager to see a conclusion to the deal.
“We are confident that Trafalgar Fire will build upon the business’ solid foundations and grow the company to the next stage of its development.
“I would also like to wish our clients the best of luck in their new business endeavours.”