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Hyperion-backed Ranger makes acquisition of national fire and security platform Syncro Group

12 Mar 2024

Hyperion-backed Ranger makes acquisition of national fire and security platform Syncro Group

  • Hyperion Equity Partners – a mid-market private equity (PE) investment firm – has announced that their latest investment, Ranger Fire and Security, has acquired national fire and security platform Syncro Group Limited.

  • This acquisition is a significant milestone for Hyperion-backed Ranger, establishing it as a market leader, with Hyperion providing the capital to execute the successful buy-and-build strategy

  • Syncro is a well-established name in the fire and security sector, with national coverage and a strong focus on fire detection, extinguishers and security alarm services, and will be integral to Ranger in developing a ‘one-stop’ solution for the fire and security sector.

  • Syncro’s infrastructure will allow further expansion with follow-on acquisitions, working alongside Ranger’s first two acquisitions of Amerex Fire International and Ignis Fire Protection.

 

Tuesday 12th March, London: Hyperion Equity Partners, the mid-market private equity investment firm specialising in buy-and-build strategies, has announced the latest expansion of recently launched Ranger Fire and Security, with the acquisition of national fire and security platform Syncro Group Limited (“Syncro”).

 

Syncro is a national fire and security provider that is well positioned within the active fire market providing fire detection, extinguisher and security services. Syncro’s founders, Gerry Bates and Paul Fallon, will join Ranger’s senior leadership team and will help the execute the group’s buy-and-build strategy. Syncro will retain its existing model and leadership which will support further growth through targeted acquisitions and partnerships.

 

Ranger Fire and Security was launched by Hyperion in response to the highly skilled but fragmented nature of the market, where the increased number of market players and highly competitive nature of the sector has limited many companies from being able to scale.

 

Hyperion was founded in 2022 by buy-and-build investment specialists with a strategy to reshape highly fragmented industries in which the leading businesses demonstrate high recurring income and excellent customer service.

 

The acquisition of Syncro will play a crucial role in Ranger’s mission in establishing a national platform that brings together high-performing businesses to deliver innovation in the UK's fire and security sector. Hyperion is providing more than £20m in funding capacity to make acquisitions and invest in the Group’s infrastructure as part of this mission and provide a ‘one-stop shop’ for the fire and security needs of customers across the private, public and charitable sectors.

 

Today’s announcement builds on the initial two acquisitions of Amerex Fire International Ltd and Ignis Fire Protection Ltd which became part of the Ranger group in February, with at least another five acquisitions planned by the end of 2024.

 

Dylan Smith, Vice President, Hyperion Equity Partners, said: “This is a milestone acquisition for Ranger adding a national fire and security platform to the group. Syncro brings a strong infrastructure that will allow for further expansion with follow-on acquisitions and will cement Ranger’s service proposition and coverage across the UK. With Syncro, we’re welcoming an industry-leading business with strong leadership team and founders that will be instrumental to driving Ranger forward, further strengthening our plan to create a one-stop-solution for customers and their fire and security needs.

 

With significant scope for further investment, we plan to announce several further acquisitions in the coming months as we work towards developing a truly national competitor in the fire and security industry.”

 

Appointed by Hyperion, Ranger’s leadership team is composed of leading service industry executives and fire and security sector experts, including CEO, Mark Bridges, the former CEO of Pimlico Plumbers and Domestic and General’s International CEO, and Managing Director, Ian Teader, a former national committee member of FSA and experienced operator within the fire and security industry.

 

Mark Bridges, CEO of Ranger Fire and Security, added: “We are excited to welcome Syncro to the growing Ranger team. Syncro is a very well-respected national business with a focused and proven track record of providing customers with the highest service quality for their compliance needs. Syncro will form a key part of Ranger’s service proposition and will enhance the Group’s extinguishers, detection and security services. 

 

“This is a significant milestone for Ranger in our journey to bring the best proven companies together to provide customers with exceptional fire and security compliance and safety. Syncro has a strong and loyal customer base which it has fostered through excellent customer service quality and on-time delivery of services since inception. Its leaders have built hugely strong partnerships in the sector, which creates a significant opportunity for us to work together.”

 

Ranger was advised by Cortus for financial and tax due diligence, RSM for tax structuring and Zum Mohammed and the Gateley team provided legal support on the transaction.  Cowgills were CF advisors to the sellers.

 

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