Transaction

Clearwater advises Triangle Fire Systems on its £9m investment from BGF

Transaction

Triangle Fire Systems on its minority investment from BGF

Sell-side

Undisclosed

Role

Adviser to Triangle Fire Systems on its minority investment from BGF

Sector

Business Services

Region

United Kingdom

Clearwater has advised Triangle Fire Systems, one of the UK’s industry leaders in the installation of fire sprinkler systems, on its £9m (€11m) investment from BGF.

Founded in 2006 by three brothers (Colin, Nigel and Steve Chantler), Triangle Fire Systems specialises in the design, installation, and maintenance of sprinkler systems in domestic, commercial and retail buildings across the UK. With a particular focus on residential developments and high-rise apartments, the business has achieved consistent year-on-year growth, emerging as an industry leader in an otherwise fragmented market.

In recent years, there has been an increase in pressure on contractors and developers to take responsibility for the fire safety of buildings. Regulation has also become more rigorous in order to ensure that all buildings have the appropriate measures in place.

Against this market backdrop, Triangle Fire Systems has delivered consistent growth and in 2021, the business achieved revenue in excess of £24m (€29m).

The investment from BGF will enable the company to expand its team of 100 specially trained staff and establish new service lines. As part of the investment, Triangle Fire Systems will also look to pursue a targeted buy and build strategy to complement the business’ organic growth.

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We are delighted to announce this funding from BGF which will help us to grow our reach and expand our services across the residential and commercial property market. As a family-run enterprise, it was important to us that our investor understood this dynamic, and BGF’s track record of successfully scaling family-run businesses means that we can continue to grow in a way that works for us. Clearwater were selected as our adviser as it was clear they had strong knowledge of our sector, a great track record and excellent relationships with the financial investors most suited to us. We look forward to working with them again in the future.

Colin Chantler, CEO, Triangle Fire Systems
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It was a pleasure working with Colin, the team and BGF and we are delighted to have secured a partner that will support the next phase of growth for the business. Triangle Fire Systems provides a critical service ensuring the safety of buildings and the people who occupy them, and BGF’s investment will further support the crucial services it provides. We wish Colin, the team and BGF every success and look forward to supporting them on their journey.

Rob Burden, Partner, Clearwater

Triangle Fire Systems is the perfect example of a family-run business that is dedicated to exacting standards and quality which is reflected in their strong market position in the sprinkler systems sector. Their track record of growth and profitability in an expanding market means the company’s path forward looks destined for further success.

Chris Jones, Investor at BGF

Advisers

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