Preventr fire protection group secures £10m expansion funding
Iain Hoey
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Preventr secures funding and expands passive fire protection capabilities
Preventr has secured a £10m funding facility from Growth Lending to support expansion and acquisitions, including the purchase of Passive Fire Safety Solutions Limited (PFSS).
Preventr confirmed that an initial £6.2m has been provided to fund the PFSS acquisition and support its growth plans.
The wider facility provides additional capacity to pursue further acquisitions and invest in operational capacity, workforce and technology across the UK.
The PFSS acquisition expands installation and compliance capabilities and complements existing fire door manufacturing operations.
This positions the business to deliver full passive fire protection services nationwide across regulated environments including social housing, NHS facilities, commercial real estate, airports and residential portfolios.
Preventr employs 75 people nationwide and operates as a London-based national fire protection specialist and a portfolio company of Tandy Ventures.
Preventr outlines strategy supported by funding and acquisition
Preventr stated that the funding supports its buy-and-build strategy and internal transformation initiatives, including the roll-out of AI-powered technology to analyse building safety data and prioritise fire safety actions.
This technology is intended to help engineers manage compliance workloads more efficiently and improve building safety data analysis.
Jamil Anakkar, Founder and Chief Executive of Preventr, said: “The financial support provided by Growth Lending has enabled us to accelerate our pace of growth through acquisitions as well as internal transformation projects, helping us to position as a leader in the UK fire safety marketplace.
“The acquisition of PFSS is an important milestone for the group as it complements our existing fire door manufacturing capability.
“We now have the ability to offer full-scope passive protection services on a national basis, strengthening our proposition to clients who require trusted partners capable of delivering at scale.”
Adam Brinn, Managing Director at Growth Lending, said: “Preventr operates in a market supported by clear structural drivers and has built a strong reputation for providing high-quality, compliant fire safety solutions.
“This transaction supports a compelling buy-and-build strategy led by an experienced management team and enables the business to scale its capabilities while delivering positive social impact through improved fire safety standards.”
The transaction was introduced by Langdon Capital, with due diligence support from FRP, tax due diligence provided by Wilson Partners, lender counsel from Browne Jacobson and borrower legal advice from JMW Solicitors.