Tyco expands UK fire services activities with First Choice acquisition
Arrowpoint Advisory's Business Services sector team is pleased to announce the sale of First Choice Facilities Limited, to Tyco International, the major US-based Fire and Security services provider, for an undisclosed amount.
With over 20 years' experience, FCF maintains a wide range of integrated fire and security solutions, including fire and intruder alarm systems, sprinkler and gas suppression systems, access control and CCTV. The company operates across the UK and has more than 100 employees, including over 60 mobile, multi-disciplined engineers, to customers in all major industry sectors. FCF's Head Office is located in Isleworth, West London.
James Doran, Managing Director and co-founder of FCF, commented: “When we started out on this process a year ago it was crucial that we picked the right team to help us deliver maximum value for the business. We chose Arrowpoint Advisory as our partner and I thank the team there for helping us achieve our goals.”
“FCF has consistently provided a robust service delivery operation and high level of customer service. The company's services, multi-disciplined expertise and customer focused ethos reflect our own. This acquisition will enhance Tyco's existing portfolio and complement our overall strategy to grow the fire detection segment of our business.” explained Jordi Andreu, President at Tyco UK & Ireland.
Jeremy Furniss, Managing Director at Arrowpoint Advisory, concluded: “There was considerable interest in FCF among strategic acquirers and investors attracted to its pure focus on recurring maintenance services in highly regulated markets. The excellent fit with Tyco's existing activities in the UK made for a very sound foundation for this transaction.”
The sale of FCF follows on quickly from the acquisition by Gunnebo AB, advised by Arrowpoint Advisory, of niche UK security solutions company Clear Image in September.