Headpoint Advisors has successfully advised on the £38 million sale of Argus Fire Ltd to Mitie Group Plc, enhancing Mitie's fire safety services in the growing UK market.

Target Information

Headpoint Advisors has facilitated the £38 million sale of Argus Fire to Mitie Group Plc, advising the shareholders during this significant transaction. Argus Fire is an engineering-led fire systems company that boasts over 40 years of expertise in the design, installation, servicing, and maintenance of active fire protection, detection, and alarm systems. The acquisition is expected to enhance Mitie’s current fire safety offerings, helping customers meet evolving legislative standards.

Headquartered in Stourbridge, West Midlands, Argus Fire operates with a dedicated team of 200 skilled professionals, which includes a Senior Management team with over 100 years of cumulative experience in the fire protection sector. In the fiscal year ending March 2024, Argus Fire reported revenues of £44.3 million, alongside an EBITDA of £3.8 million.

Industry Overview

The UK fire safety and security industry is valued at approximately £3 billion annually and is characterized by its rapid growth and high profit margins. As businesses and properties scale, the nee