Completed sale
Folgate Safety Security Company Was Acquired by Canonbury Group | Case Study
Knightsbridge secured the sale of an esteemed safety specialist…
Folgate Safety Limited is a highly-respected and popular fire safety support consultancy, providing a variety of services to assist businesses with their fire assessment and training needs.
The Northamptonshire-based business was created in 2011 by Daniel Folgate, and throughout its time in operation has built a strong portfolio of customers.
The business has maintained an outstanding reputation for its dedication to customer satisfaction and its provision of expert fire safety services.
“Dan wanted to sell the company he built to pursue other business interests in the property investment and management sector,” revealed Knightsbridge Deal Executive Peter Taberner, who led the sale of Folgate, adding:
“With the help of Chloe Carroll (Knightsbridge Research Analyst), who was instrumental in the research process, we presented Folgate’s value largely based on its strong turnover and profitability.”
After several interested parties emerged, the Knightsbridge team conducted six meetings and, following submitted offers, created competition amongst three separate bidders.
Folgate’s deliverance of high-quality safety services at competitive prices proved popular to similar businesses in the fire sector looking to further strengthen their hold and widen service offering.
In a significant deal, Folgate was acquired by London-based Canonbury Group, a 2019-established firm that specialises in the holding and management of companies and enterprises.
“Daniel Lee (Canonbury Founder) was very keen on adding Folgate to his portfolio, and to grow the business further,” Peter commented whilst reflecting on the journey, concluding:
“I had a very good relationship with our client all the way through the sale process. We achieved his goal, and he was happy with the buyer we sourced and the deal structure we negotiated.”