Fire protection business bought in £5m deal
Safety and security group Marlowe has bought a fire safety specialist for £5m.
Morgan Fire Protection will become part of Marlowe’s fire division, which is based in Salford Quays.
The Hertfordshire-based business employs 55 people and “adds further scale and capability” to Marlowe’s existing services.
Morgan Fire generated £4.3m turnover in the year to March, with adjusted EBITDA – a measure of operating profits – of £0.8m.