Private equity firm takes ‘significant’ stake in fire safety company
Private equity house Key Capital Partners (KCP) has taken a “significant” stake in Nottinghamshire provider of fire safety and security products, Total Integrated Solutions (TIS).
Mansfield-based TIS installs, maintains and services systems run by owner and CEO James Twigg.
The deal sees KCP acquire a significant minority stake in the business that employs 140 staff across five sites.
Twigg will remain as CEO. James Hall, managing partner at KCP, who led the investment alongside Matt Tice, will also join the board alongside Ted Goold who will join as non-executive Chairman.
Twigg said: “I am absolutely delighted to be partnering with KCP on the next stage of our growth. KCP are the perfect partner for me and my team as they share my passion for delivering market leading solutions and service levels. The partnership will also bring many opportunities for my incredibly talented team to grow with the business as we strive together to really make a difference to our customers strategies, assets and people.”
Managing partner, James Hall said: “TIS is an exceptional business delivering a fantastic design led solution in a way that is unique in the market and highly valued by its customers and partners. We are extremely excited about working with James and his team as the requirement for converged smart systems over the next few years really gathers pace.”
Legal advice was provided to KCP by David Parker and Pete Wood of Addleshaw Goddard, with RSM providing financial and tax due diligence services and commercial due diligence provided by Armstrong. TIS were advised by James Ward of Smith Cooper and Vicky Elliott of Gateley.