Eight Advisory supported IK Partners on its acquisition of Checkmate Fire

Eight Advisory supported IK Partners on its acquisition of Checkmate Fire

The Eight Advisory UK Team provided buyside financial and tax due diligence to IK Partners on its acquisition of Checkmate Fire, the UK’s largest passive fire protection specialist.

Established in 1989 and headquartered in West Yorkshire, Checkmate provides a comprehensive range of passive fire protection services to organisations across the Healthcare, Education, Government, Social Housing and Commercial sectors. The Company inspects, installs, remediates and maintains passive fire systems and also provides installation and maintenance of active fire systems.

 

Checkmate operates across the UK and has over 200 employees. The Company is responsible for maintaining passive fire systems in around 2,000 buildings nationally to ensure compliance with increasingly stringent regulations, carrying out over 30,000 fire door remediations or replacements per year. The focus is on maintaining fire doors rather than replacing them; an approach that aligns with the Company’s commitment to strong environmental, social and governance practices across the business.

 

Since YFM’s investment and under the existing management team, Checkmate has scaled rapidly, expanding its service offering and supporting more customers in managing their passive fire systems through multi-year contracts. In partnership with IK Partners, Checkmate will look to further develop its passive fire offering, particularly its inspections division, in a market with compelling long-term growth dynamics. The Company will also continue to invest in its people and technology to enhance operational efficiency, while also executing a targeted M&A strategy.

 

 

The Eight Advisory financial team comprised Rupert Templeman, James Wallace and James Prest.

 

The Eight Advisory tax team comprised Dean Lake, Tom Sykes and Phoebe Lightfoot.

Rupert

Templeman

Partner

Transaction Services

Eight Advisory London

Dean

Lake

Partner

Tax

Eight Advisory London

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