Marlowe, the AIM-listed company which delivers business critical services and software that assure regulatory compliance, has acquired S F Fire Limited.
Founded in 1973, S F Fire is a provider of fire safety services based in Brighouse, West Yorkshire.
The business has been snapped up for an enterprise value of up to £1.1 million including a payment contingent on integration of £0.1 million.
For the year ended 30 September 2021, S F Fire generated profit before tax of £0.2 million on revenue of £0.8 million. Net assets at 30 September 2021 were £0.5 million.
The acquisition will be funded from Marlowe’s existing cash resources.
