Fire safety services provider is acquired by listed business

A West Yorkshire-based fire safety services firm has been acquired for at least £1m.

Marlowe plc, which offers business-critical services and software, has acquired Brighouse-based SF Fire Limited.

The deal is for an enterprise value of up to £1.1m including a payment contingent on integration of £0.1m.

 For the year ended 30 September 2021, SF Fire generated profit before tax of £0.2m on revenue of £0.8m. Net assets at 30 September 2021 were £0.5m. The acquisition will be funded from Marlowe’s existing cash resources.

SF Fire has been trading since 1973 and provides products such as fire alarms, fire extinguishers, emergency lighting, signage and risk assessments.

Marlowe was advised by Cenkos Securities (nominated adviser and joint broker) and Berenberg (joint broker).