Besseges, a Dukinfield, Manchester, UK-based active fire protection and facilities management business for the retail, commercial and education sectors, received an investment from BGF.
The amount of the deal was not disclosed.
The funding from BGF will allow the business to continue its organic growth and consider strategic M&A as it grows from its North West and Midlands heartlands to providing a nationwide service.
Founded in 1976, Besseges has a heritage in installing fire sprinkler systems. In 2022, the business was acquired by CEO David Prendergast and non executive director Graham Norfolk and has delivered significant growth since then with headcount expanding from five to 60 in that period. Besseges has also expanded its service offering to include: fire protection installation, fire protection service & maintenance, and facilities maintenance across HVAC, commercial heating and plumbing equipment, and electrical systems.
The deal was led by Rhys Davenport an investor in BGF’s North West team. As part of the investment, Mike Brown will join the board as non-executive chair (NXC). He has been introduced by BGF’s Talent Network – one of the largest groups of board-level executives in the UK and Ireland and was formerly NXC of BGF-backed Horbury.
FinSMEs
27/12/2024