KBS Corporate Advises on Sale of Fire Bright Solutions Ltd
Fire Bright Solutions, a fire safety solutions provider, has been acquired by JLA Ltd, in a deal completed in seven weeks by KBS Corporate.
Fire Bright, established in 2003, offer a wide range of services which include the installation and system design of fire alarm systems, AOVs, emergency lighting and portable extinguishers, to customers throughout the UK.
Based in Cheshire, the company has long-standing relationships with customers due to the high quality of their work, and is a BAFE SP203 accredited Fire Safety System specialist.
The shareholders at Fire Bright were looking at a gradual retirement plan, but also wanted to ensure the business continued to grow. Therefore, a deal was needed which would see the momentum building at Fire Bright Solutions continue.
Following KBS Corporate’s extensive research strategy, 28 interested parties signed NDAs. The interest in Fire Bright Solutions was initially varied, with 23 trade buyers expressing interest.
It became clear that JLA Ltd were the ideal acquirers for Fire Bright Solutions, as a commercial laundry, catering and heating solutions company, they are regarded as market leaders, with substantial contracts with university accommodation companies, care homes and hotels.
JLA are interested in diversifying their product offering to include Fire Safety, which makes Fire Bright an excellent asset to them. The acquisition also allows for an element of geographical expansion, as Yorkshire-based JLA will be able to harness Fire Bright’s reputation across Greater Manchester, without the distance being unfeasible.
As self-proclaimed innovators, JLA certainly have the tenacity and experience to not only continue the success of Fire Bright, but also develop it further.
Matthew Sibley of KBS Corporate advised on the deal, and commented: “I have enjoyed working with both the client and buyer, who have demonstrated their intellect and experience throughout. I wish both parties well in the future and believe the deal will be successful going forward.”