Clearwater International advises Triangle Fire Systems on its £9m investment from BGF
Clearwater International has advised Triangle Fire Systems, one of the UK’s industry leaders in the installation of fire sprinkler systems, on its £9m (€11m) investment from BGF.
Founded in 2006 by three brothers (Colin, Nigel and Steve Chantler), Triangle Fire Systems specialises in the design, installation, and maintenance of sprinkler systems in domestic, commercial and retail buildings across the UK. With a particular focus on residential developments and high-rise apartments, the business has achieved consistent year-on-year growth, emerging as an industry leader in an otherwise fragmented market.
In recent years, there has been an increase in pressure on contractors and developers to take responsibility for the fire safety of buildings. Regulation has also become more rigorous in order to ensure that all buildings have the appropriate measures in place.
Against this market backdrop, Triangle Fire Systems has delivered consistent growth and in 2021, the business achieved revenue in excess of £24m (€29m).
The investment from BGF will enable the company to expand its team of 100 specially trained staff and establish new service lines. As part of the investment, Triangle Fire Systems will also look to pursue a targeted buy and build strategy to complement the business’ organic growth.