Azets Advises on Sale of Fire Action to Spy Alarms
Azets, the UK’s largest regional accountancy firm and business advisor to SMEs, with offices in London and across the South East, including Kent, has advised Fire Action owners Paul and Louise Garry on the successful sale of Fire Action Limited to Spy Alarms Limited. Kent-based Fire Action is one of the largest providers of high-quality commercial fire safety and security systems in the South East.
Spy Alarms is one of the largest privately owned installers of security systems in the South East with more than 75,000 customers – both domestic and commercial – throughout London, Kent and the Home Counties. It focuses on providing competitively priced installations using quality components and the latest technology.
Nick Parrett, Partner, Accounts and Business Advisory Services, Azets, and Joshua Vincent, Associate Director, Accounts & Business Advisory Services, Azets, provided accounting and taxation support during negotiations on the deal.
Nick said: “Fire Action was my first ever client almost 20 years ago, and I am delighted to have supported them all these years throughout the growth and evolution of their business, and now to ultimately assist with their sale to a trade buyer who will help the firm develop and grow even further. We wish them all the best for the future.”
Paul Garry, owner of Fire Action, commented: “Our relationship with Nick and his team at Azets goes back a long way and it has been really great to have these trusted advisers to help us with this important deal. Their accountancy and tax expertise has been very valuable over the years including with this deal, and Louise and I would like to thank them for helping us reach this successful conclusion.“
Brachers Corporate Team acted as legal advisors to Fire Action and Entrepreneurs Hub acted as lead advisory.