Deals

BWS Security Systems Limited

  • Written By: Mark Lord & Martyn Fraser
  • Published: Fri, 05 Nov 2021 09:16 GMT

Smith & Williamson advises on sale of BWS Security to Sonmarg Capital.

Smith & Williamson’s Corporate Finance team in Bristol has advised Bath-based security, fire and safety systems business BWS Security on its sale to Sonmarg Capital, the permanent capital investor.

Established in 1988, 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.

BWS is recognised as a leader in customer service and product innovation and the support of Sonmarg will enable it to bring both to a larger geographical area.

The Smith & Williamson Corporate Finance team comprised partner Martyn Fraser, director Mark Lord and associate director Ronan Brophy.

Mike Stone and Chris Jenkins, founders of BWS Security, said: “We are immensely proud of what BWS and the people within it have achieved over the last 30 years. It was critical to find a partner who will continue the business’s principles of excellence, innovation and service for the next 30 years and we were delighted to achieve that with Sonmarg.

“We would like to thank the Smith & Williamson team for their unwavering commitment and support throughout this process. They were with us every step of the way and were instrumental in achieving the successful outcome.”

Mark Lord said: “BWS is an exceptional business and the perfect platform to drive consolidation within the fragmented South West security and fire market. It was no surprise that it attracted interest from many parties and we look forward to seeing it continue to prosper under the long-term ownership of Sonmarg.”

Legal advice to the vendors was provided by Clarke Willmott LLP. Sonmarg Capital were advised by K&L Gates and HMT LLP. Debt financing for the transaction was provided by Shawbrook.

For further information please contact:

Mark Lord
Director
T: 0117 376 2057
E: Mark.Lord@smithandwilliamson.com

Martyn Fraser
Partner
T: 0117 376 2062
E: Martyn.Fraser@smithandwilliamson.com

DISCLAIMER
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

Smith & Williamson Corporate Finance Limited
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© 2021 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal. Smith & Williamson Corporate Finance Limited t/a Oaklins Smith & Williamson is a private firm which offers financial advisory services.

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