Spy Alarms acquires Fire Action
About Fire Action and Spy Alarms
Fire Action Ltd (FAL) design, supply, install and maintain a range of fire safety and electronic security products to a wide and diverse range of customers operating across all sectors, primarily focused on the South East. Owners Paul and Louise Garry started the business in 2002.
Spy Alarms serves a similar customer base and geographic area. Spy installs and maintains electronic security and fire systems across London and the south east of England. The business has grown rapidly over the last few years through acquisition and is now one of the largest in its region.
Entrepreneurs Hub Director and Co-Founder, Andrew Shepperd who led the transaction team comments “Finding the right acquisition partner for Fire Action Limited (FAL) has been a great project for us. Fire and Security continues to be a very exciting sector with many investors growing their portfolios and geographic coverage. Legislative changes and societal expectations mean these services are increasingly in demand. Fire Action is an exceptional business, with a great reputation and strong service delivery across the southeast of England. It was inevitable there would be significant interest from multiple premium acquirers once the shareholders decided they were ready for the next step.”
“On a personal note, it is always a pleasure to work with a great shareholder team and Paul and Louise Garry blend perfectly the human touch with a vision for continually delivering higher standards over the years. In the end, their choice to work with Spy Alarms, a growing regional leader in the fire and security space, was on the back of a belief that together, the combined footprint to serve the southeast, was the best choice for the business and their customers. Congratulations to Paul and Louise and the team at Spy Alarms”.
Paul Garry, MD of Fire Action, comments: “The Entrepreneurs Hub were highly recommended to Lou and I, by good friends of ours who sold their business a couple of years ago. From our initial engagement with Malcolm, through to meetings with Andrew, Rob and Steve, this team of people have been truly incredible. Their initial analysis of our business and their subsequent consultancy/advice led to us being fully prepared for a launch to market.
No stone was left unturned in this process, and we learnt a huge amount about our business, down to minute detail. This gave Lou and I huge confidence in our readiness to meet suitable acquirers that were fully researched, qualified, and discreetly verified by the E H Team.
We would absolutely, whole heartedly and unequivocally recommend The Entrepreneurs Hub to anyone who is considering disposal of their business, it is practically one of the soundest business decisions we have ever made”.
Tom Howard, CEO of Spy Alarms Limited says, “We are thrilled to have completed the acquisition of Fire Action and excited to continue working with Paul and Louise. We continue our strategy of acquiring good fire and security businesses to add to the Spy Group and this represents the latest step in that journey,”
Malcolm Murray, Entrepreneurs Hub Director and Co-Founder, commented: “It has been a delight to support Paul and Louise Garry on this journey to achieve the agreed goals. They have built a great business and an excellent team that I am sure it will continue to thrive as part of Spy Alarms. – I wish everyone involved the very best as they move into this exciting new chapter.
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