Deal 'opens doors for growth' at shutters firm

A national industrial door and roller shutter firm says it has locked in growth plans following a takeover.

Ascot Doors (Service) has been bought by building services provider Andwis.

Bosses say the deal will boost expansion plans, with Ascot set to benefit from Andwis’ “vast network” to secure new industry collaborations and provide a “fuller technical and compliance service offer”.

They add all Ascot Doors (Service) staff have been retained in the deal, which was supported by FRP Corporate Finance.

Founded in 2018, Barnsley-headquartered Ascot Doors (Service) supplies, installs and repairs doors, shutters and fire curtains across the retail, industrial, commercial and emergency services sectors.

London-headquartered Andwis operates as a national network of companies – backed by global private equity firm H.I.G Capital – to provide building maintenance services to the defence, healthcare, education, retail and hospitality industries.

Paul Redfern, Ascot Doors (Service) managing director, said: “We’re excited to begin this new chapter.

“While continuing to serve our clients with the same dedication, joining Andwis allows us to offer a broader range of technical and compliance services.”

FRP Corporate Finance’s Manchester-based team, led by partner Daniel Brecker and manager Amy Murphy, supported the sale of Ascot Doors (Service) from within BREAL Capital (Ascot) Limited.

Daniel added: “After extensive market research, we identified Andwis as a great fit to help the business continue to develop.

“I look forward to seeing both parties reap the rewards from this deal in the coming years.”

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