Acquisition to unlock ‘new chapter’ for door maker

A Gateshead-based manufacturer of specialist safety doors is poised for further growth after being acquired by a Shropshire investment group.

NEOS Protect Holdings Limited has been bought by Sorvio Group Limited in a deal designed to support and accelerate its long-term expansion plans.

Founded in 2011, NEOS Protect is a leading manufacturer of accredited security, fire and Passivhaus doors for communal and multi-occupancy buildings. 

Bosses say the acquisition secures the company’s future growth while enabling a planned leadership transition.

As part of the deal, shareholder Steven Thomas will retire from the business, while Paul Sampson remains as director and Kirsty Thomas steps into the role of managing director. 

All employees are being retained as part of the transaction.

Paul said: “This acquisition marks an exciting new chapter for NEOS Protect, positioning the business for continued success under the leadership of the existing management team, strengthened further by Sorvio Group’s resources and expertise.”

The transaction was led by Michael Cantwell, corporate finance partner at Clive Owen LLP, with support from corporate finance executive Joe Vera-Sanso and tax partner Stephen Harris, who advised the shareholders throughout the succession planning process and completion of the sale. 

Legal advice to NEOS Protect was provided by Mark Adams, Ben Jackson and Lydia Sevenoaks of Hay & Kilner, while Sorvio Group was advised by Azets and Cooper Burnett.

Paul added: “I am grateful to Michael and Mark and the wider team of specialist advisers across Clive Owen LLP and Hay & Kilner for their sound advice and counsel throughout the process, which has been handled with the utmost care and professionalism.”

Michael added: “We are delighted to have supported this successful, strategic transaction. 

“It has been a pleasure to help Steven and Paul deliver their succession plans and position the company strongly for continued growth, supported by significant operational synergies and ambitious expansion plans.”

Mark added: “We are pleased to have advised NEOS Protect and its shareholders on this important transaction, which opens the door to the next phase of the company’s growth. 

“The acquisition provides a strong platform for the business to continue to scale while ensuring continuity for its people, leadership and customers. 

“It has been a pleasure working with Steven and Paul on their succession plans and supporting a deal that secures NEOS Protect’s long-term future.”

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