Project Description

HMT LLP have advised Rockpool Investments’ portfolio company, EA-RS Group (“EA-RS”) on four bolt-on acquisitions in the past 6 months. EA-RS acquired Added Security Technology (London) Limited (“AST”), UK Security Doors Limited (“UKSD”), Firesec Compliance Limited (“Firesec”) and Air Projects Limited (“AP”).

Since Rockpool’s first investment into EA-RS in January 2021, the business has acquired six businesses including the four businesses noted above.

EA-RS is a leading provider of fire and security systems in the UK. EA-RS installs and maintains a broad range of systems covering critical infrastructures such as data centres and healthcare facilities and serves several other markets such as commercial property, education and social housing.

Based in Hounslow, AST is a specialist door entry system and gate automation company, providing expert safety and security solutions mainly to housing association clients in London and the Southeast.

From its base in the West Midlands, UKSD designs, manufactures and installs bespoke aluminium doors, windows and curtain walls serving a broad range of clients across the UK, including specifiers, architects, contractors, commercial and retail sectors, housing associations and local authorities.

Headquartered in Cheshire, Firesec offers a complete life safety solution by utilising leading technology to provide a systematic and transparent way of helping businesses achieve compliance with fire safety legislation. Firesec provides an array of services from fire risk assessments and electrical safety to ongoing fire protection maintenance for both commercial and industrial clients.

Leicester based, AP covers the whole of the UK and specialises in the healthcare market and in commercial projects. It offers a broad range of services from basic extraction systems to hospital theatres and laboratories. AP also provides expert advice on an array of services in ventilation, fume extraction, fire damper testing and healthcare compliance..

HMT undertook financial diligence for EA-RS on each of these transactions.

Derek Ferguson, CFO at EA-RS Fire Group commented:

“HMT quickly got to grips with the key issues relative to each assignment, focussing work on risk areas thus providing an efficient service and in line with requested reporting deadlines. I am sure they will continue to support us in converting our current and prospective acquisition pipeline.”

Will Beckett, Investment Executive at Rockpool Investments commented:

“HMT did a great job supporting us on these transactions, identifying the key issues early on and working in a focused and efficient manner. As always, HMT provided invaluable support throughout each transaction. Working across multiples deals they consistently delivered timely and focused analysis and guidance that lead to four successful completions.”

Paul Read commented:

“We are delighted to have advised Rockpool Investment’s portfolio company EA-RS Fire Group on four acquisitions in the past six months and to have played a role in what represents an important step in the journey for EA-RS, delivering on an ambitious buy and build strategy led by their management team.  We look forward to working with EA-RS again in the future.”