£70m refinancing deal with Shawbrook and HSBC for Alpine Fire Engineers

Alpine Fire Engineers has secured a refinancing package of up to £70 million with Shawbrook Bank and HSBC.

The new financing will support Alpine’s future acquisitions and help fund the company’s ongoing growth strategy.

The refinancing facility has already been utilised to fund Alpine’s acquisition of DAS Fire Limited.

This strategic investment aligns with the company’s plan to supplement organic growth with acquisitions, further enhancing its position within the fire engineering sector.

Growth following management buyout in 2022

Alpine has experienced significant expansion since a management buyout in December 2022, backed by private equity firm WestBridge.

The buyout enabled Alpine to grow its core operations and enter more complex markets.

The financing package is set to enable further expansion, positioning Alpine as a leader in the fire suppression industry.

Steven Nanda, chief executive officer of Alpine, commented on the support from its financial partners: “We would like to thank the team at Shawbrook for their continued support and also the team at HSBC, who join us on the next phase of our exciting journey.”

Strategic partnership to support growth

WestBridge, a key investor in Alpine since 2022, expressed optimism about the new debt facility.

Thomas Dutton, senior investment manager at WestBridge, stated: “This new debt facility brings a level of flexibility and certainty to help Alpine realise the next chapter of expansion and future growth.”

The financial support from Shawbrook and HSBC will provide Alpine with the resources to continue scaling its business, including a 30% increase in headcount, strategic acquisitions, and the implementation of new IT systems.

HSBC and Shawbrook’s commitment to Alpine

Both HSBC and Shawbrook have expressed their confidence in Alpine’s growth potential.

Jake Taylor, director at HSBC UK Leveraged Finance, said: “It is an exciting time for the business, which has demonstrated fantastic growth in recent years.”

Deepak Parekh, senior director at Shawbrook, added: “We are thrilled to continue to support Alpine in their ambitious growth journey.”

Alpine Fire Engineers secures £70m refinancing deal to support future growth: Summary

Alpine Fire Engineers has secured a £70 million refinancing package from Shawbrook Bank and HSBC.

The deal will support Alpine’s growth strategy, including funding for acquisitions such as DAS Fire Limited.

Since a management buyout in December 2022, Alpine has experienced robust growth, with backing from private equity firm WestBridge.

The company plans to continue expanding its operations, entering new markets, and enhancing its technical capabilities.

Both Shawbrook and HSBC have expressed confidence in Alpine’s ability to achieve its growth ambitions.