Written By: Mark Lord & Martyn Fraser
Published: Fri, 05 Nov 2021 09:16 GMT
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.
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By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
Notes to editors
Notes to editors
Smith & Williamson is a leading financial and professional services firm providing a comprehensive range of investment management, tax, financial advisory and accountancy services to private clients and their business interests. The firm’s c1,800 people operate from a network of 11 offices: London, Belfast, Birmingham, Bristol, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton. Smith & Williamson is part of The Tilney Smith & Williamson Group.