Smith & Williamson advises on sale of BWS Security to Sonmarg Capital.
Smith & Williamson’s Corporate Finance team in Bristol has advised Bath-based security, fire and safety systems business BWS Security on its sale to Sonmarg Capital, the permanent capital investor.
Established in 1988, BWS supplies, installs, maintains and monitors fire alarms, intruder alarms, CCTV and access control systems for commercial and residential customers, principally across the South West.
BWS is recognised as a leader in customer service and product innovation and the support of Sonmarg will enable it to bring both to a larger geographical area.
The Smith & Williamson Corporate Finance team comprised partner Martyn Fraser, director Mark Lord and associate director Ronan Brophy.
Mike Stone and Chris Jenkins, founders of BWS Security, said: “We are immensely proud of what BWS and the people within it have achieved over the last 30 years. It was critical to find a partner who will continue the business’s principles of excellence, innovation and service for the next 30 years and we were delighted to achieve that with Sonmarg.
“We would like to thank the Smith & Williamson team for their unwavering commitment and support throughout this process. They were with us every step of the way and were instrumental in achieving the successful outcome.”
Mark Lord said: “BWS is an exceptional business and the perfect platform to drive consolidation within the fragmented South West security and fire market. It was no surprise that it attracted interest from many parties and we look forward to seeing it continue to prosper under the long-term ownership of Sonmarg.”
Legal advice to the vendors was provided by Clarke Willmott LLP. Sonmarg Capital were advised by K&L Gates and HMT LLP. Debt financing for the transaction was provided by Shawbrook.
For further information please contact:
Mark Lord
Director
T: 0117 376 2057
E: Mark.Lord@smithandwilliamson.com
Martyn Fraser
Partner
T: 0117 376 2062
E: Martyn.Fraser@smithandwilliamson.com
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This article was previously published on Smith & Williamson prior to the launch of Evelyn Partners.