Sonmarg Capital acquires BWS Standfast
HMT LLP advised Sonmarg Capital on their acquisition of leading UK provider of security, fire and safety systems BWS Security Systems Limited from its retiring owners, Mike Stone and Chris Jenkins.
BWS (established in 1988) is a market leading provider of security, fire and safety systems, headquartered in Bath. 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 of the UK.
To help steer the company’s next phase of growth, Sonmarg Capital has recruited Benedict O’Halloran and Alexander Schuil to join the board of BWS. Benedict O’Halloran was previously the Chief Legal Officer at Verisure/Securitas Direct, the second largest home alarm provider in the world, with 3.6m customers in 16 countries. Alexander Schuil is the current Chief Executive of Briscoe Protective, a top 35 fire and security protection business in North America.
HMT, led by Paul Read and Hamish Pearson undertook financial due diligence for Sonmarg on this transaction.
Haris Khan, Principal of Sonmarg Capital commented:
Paul Read commented:
“We are delighted to have advised Sonmarg on their acquisition of BWS from its founders. With Sonmarg’s support, BWS is on the right track to continue to flourish over the coming years. We look forward to working with Sonmarg in the future.”
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