September 3, 2020
Phoenix Equity Partners (Phoenix) has invested in Spy Alarms, a UK provider of electronic security and fire services.
Headquartered in Orpington UK, Spy Alarms serves both commercial and domestic customers across London and the South East of England. They install, maintain and monitor intruder alarms, CCTV, fire safety systems and access control systems, using remote technology solutions to help safeguard its customers. The Company was founded in 2012 and now has over 30,000 customers and 70 engineers and has completed 16 acquisitions to date.
Tom Howard, CEO of Spy Alarms, said: “We are proud of everything we have achieved with Spy Alarms and see significant scope for further growth. We are pleased to have found a partner in Phoenix that not only shares our ambition, but also has tremendous experience in supporting growth companies, particularly with their acquisition strategies.”
Chris Neale, Partner at Phoenix, added: “Spy Alarms is a fast-growing business that operates in a robust, growing sector and has significant opportunity for further acquisitions given the fragmented nature of the security industry. We look forward to working with Tom and his team to help deliver on their plans and accelerate the company’s growth.”