Alpine Fire Engineers employs over 30 people
Alpine Fire Engineers employs over 30 people
Richard Bell

London’s Core Capital Partners acquires stake in North West sprinkler firm

London-based Core Capital Partners has invested in North West firm Alpine Fire Engineers.

The deal has secured Core Capital a minority stake in Alpine, which designs, installs and maintains fire suppression systems such as sprinklers.

The Littleborough-based business will use the undisclosed sum to unlock growth through bolt-on acquisitions, organic expansion and investment in its IT infrastructure.

Alpine Fire Engineers employs over 30 people and has revenues of more than £15m. The company was founded in 1992 by Ted Smith, father of managing director David Smith.

The existing management team will remain significant shareholders following the deal, alongside new chief executive Steven Nanda.

Prior to joining Alpine, Steven spent seven years as managing director of industrial at multi-technical services provider SPIE UK.

David Smith said: “We are delighted to welcome Core Capital as investors in the business, which gives us the opportunity to take the company to the next level.

“We are also pleased to welcome Steven as our new chief executive. He brings a wealth of experience and knowledge to the business.”

Core Capital partner David Steel has joined the Alpine board.

David Steel commented: “Alpine is already a very successful business, with a high-quality management team and a strong presence with its loyal customer base.

“Given our experience in supporting high-growth companies, we see considerable opportunity for Core Capital to work with Alpine as it looks to build its market share in this very interesting sector.”

Nigel Barratt and Lauren Roberts, from the corporate finance team at accountancy and advisory firm HURST, acted for Alpine along with Liz Gallagher from HURST’s tax team. Mark Heppell from JMW Solicitors provided legal advice.

Core Capital was acquired earlier this month by ESO Capital.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →

Our Partners

Top Ten Most Read