Key invest in provider of technical integrated fire and security solutions
Key has completed a significant investment into a specialist provider of cutting-edge integrated fire safety and security solutions, Total Integrated Solutions (TIS), to support its continued growth and expansion.
I am absolutely delighted to be partnering with Key on the next stage of our growth. Key are the perfect partner for me and my team as they share my passion for delivering market leading solutions and service levels. The partnership will also bring many opportunities for my incredibly talented team to grow with the business as we strive together to really make a difference to our customers strategies, assets and people.
Mansfield-based TIS is a design led fire, security and communications integrator which installs, maintains and services systems, with leading credentials across a broad range of sectors including retirement villages, open space CCTV and Smart City installations, the Ministry of Defence and further education. Over the past nine years, the current owner and CEO James Twigg, has successfully expanded the technical capability of the business and significantly grown revenue and profitability, driven by a strategy of delivering innovative and high-quality solutions to a highly sophisticated customer base.
The deal sees Key acquire a significant minority stake in the business that employs 140 staff across five sites.
James will remain as CEO, supported by a highly experienced executive team. James Hall, Managing Partner at Key, who led the investment alongside Matt Tice, will also join the Board alongside Ted Goold who will join as Non-Executive Chairman.
TIS is an exceptional business delivering a fantastic design led solution in a way that is unique in the market and highly valued by its customers and partners. We are extremely excited about working with James and his team as the requirement for converged smart systems over the next few years really gathers pace.
Legal advice was provided to Key by David Parker and Pete Wood of Addleshaw Goddard, with RSM providing financial and tax due diligence services and commercial due diligence provided by Armstrong. TIS were advised by James Ward of Smith Cooper and Vicky Elliott of Gateley.