PKF Francis Clark has advised Fortus Group Holdings, a leading B2B security distributor in the UK and Ireland, on its acquisition of Enterprise Security Distribution.
Enterprise is a supplier of security products to installers, with nine locations in Sheffield, Birmingham, Kent, Bristol, Manchester, Nottingham, Bedford, Bramley and Norwich.
Founded in 1992, the group employs about 90 staff and has an 8,000-strong customer base.
Through this acquisition of the nine Enterprise branches, Fortus has expanded its footprint across England, as well as gaining access to new products through supplier distribution agreements.
PKF Francis Clark provided financial and tax due diligence on behalf of Fortus and Rockpool on the group’s acquisition of the nine individual entities making up Enterprise, with a combined turnover in excess of £40 million. Finance was provided by Rockpool Investments (London).
Sam Phillips, transaction services director at PKF Francis Clark’s Bristol office, comments: “It was a pleasure to work with Brian Honan, Mark Brophy, Andrew Moran and the Rockpool team on this complex assignment and to assist on this transaction, which will see the combined group benefit from significant coverage across England.
“Naturally we expect the enlarged group to continue on its current growth trajectory, and we wish them the very best on the next stage of this journey.”
At the same time, Fortus has acquired Re:Sure Intelligence Ltd, a specialist remote CCTV monitoring service serving clients across Ireland and the UK.
Brian Honan, founder and CEO of Fortus, comments: “Upon completion of both deals, Fortus will advance its strategy of becoming the largest security and fire supply chain business in the UK and Ireland, giving us the ability to offer our customers unrivalled support, expertise and monitoring solutions. We are delighted to welcome the outstanding Enterprise and RE:SURE teams to Fortus Group.”