KBS Corporate advise on the acquisition of Business Watch UK Fire & Security Ltd
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Located in Peterborough, Business Watch UK Fire and Security Ltd is a £1.4m turnover provider of single source solutions for its clients’ fire and security requirements, with customers spread across the Cambridgeshire and Lincolnshire areas.
The company operates under two brand names, Business Watch and Home Watch, through which it provides a comprehensive range of fire and security services in the electronic and manned guarding sector to both commercial and domestic properties.
The opportunity generated multiple buyer meetings and around 11 unique interested parties from private and trade buyers, including several businesses within the fire and security sector based across the UK.
The eventual acquirer was an MBI candidate who has various other business interests. The exiting shareholder, Jonathan Wakerley, is to remain in the company post completion and take on the role of CEO.
The deal completed on 31st August, less than 6 months after coming to market.
KBS Corporate would like to wish Jonathan and the new owner all the best for the future.