Horizon Capital takes majority stake in Churches Fire

UNITED KINGDOM Facility Management / Maintenance / Security & Guarding REV £50–100M

Context

In 2023, private equity sponsor Horizon Capital executed a strategic reinvestment in its portfolio company Churches Fire, renewing its long-term commitment to the UK compliance and fire safety platform. Originally backing the business in 2017, Horizon structured this follow-on transaction to support the next phase of the group's scaling strategy while providing ongoing institutional backing to the management team. Growth capital from this transaction is earmarked to accelerate Churches Fire's programmatic buy-and-build strategy across the fragmented UK fire safety and electronic security market. Proceeds will fund an active pipeline of bolt-on acquisitions, expand technological capabilities across access control and remote monitoring, and build out recurring service lines. Under Horizon's ownership, the company has scaled annual revenues beyond £40 million, serving over 13,000 commercial customers nationwide.

By taking control of Churches Fire, Horizon Capital continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Peo Worldwide in 2020.

Churches Fire, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Churches Fire provides end-to-end fire safety and security compliance services to more than 15,000 commercial customers across the UK. Operating in highly regulated markets, the business specializes in fire risk assessments, statutory scheduled maintenance, and ongoing monitoring of active detection systems, containment infrastructure, evacuation equipment, and electronic security solutions. Under CEO Charlie Haynes, the company has executed an aggressive buy-and-build strategy, acquiring and integrating 14 regional businesses to date. Its strategic objective is to become the UK's leading independent fire safety and compliance provider. Governance is further supported by Non-Executive Director Adam Lewis on the board.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2021

2020

Other operations with Churches Fire

Other operations with Churches Fire
Date	Acquirer	Target	Country	Sector
07/2024	CHURCHES FIRE	TAYLOR FIRE SPRINKLERS	UNITED KINGDOM	Security & Guarding

Other operations with Horizon Capital

Other operations with Horizon Capital
Date	Acquirer	Target	Country	Sector
11/2025	HORIZON CAPITAL	LANPRO	UNITED KINGDOM	Architecture & Engineering
12/2020	HORIZON CAPITAL	PEO WORLDWIDE	UNITED KINGDOM	BPO & Outsourcing
12/2020	HORIZON CAPITAL	TOP SOURCE WORLDWIDE	UNITED KINGDOM	BPO & Outsourcing
07/2019	HORIZON CAPITAL	JUNIPER EDUCATION	UNITED KINGDOM	EdTech & Content

Similar deals in Facility Management

Similar deals in Facility Management
Date	Acquirer	Target	Country	Sector
03/2024	IK PARTNERS	CHECKMATE FIRE	UNITED KINGDOM	Security & Guarding
02/2024	VINCI ENERGIES	R+S GROUP	GERMANY	Electrical
08/2023	GTCR	ADT COMMERCIAL	UNITED STATES	Security & Guarding
03/2023	HIG CAPITAL	ANDWIS GROUP	UNITED KINGDOM	Maintenance
01/2023	VAUBAN INFRASTRUCTURE PARTNERS	PROXISERVE	FRANCE	HVAC
12/2022	WESTBRIDGE CAPITAL	ALPINE FIRE ENGINEERS	UNITED KINGDOM	Security & Guarding
11/2022	NVM PRIVATE EQUITY	INPROVA GROUP	UNITED KINGDOM	BPO & Outsourcing
05/2022	FSN CAPITAL	FIRESAFE	NORWAY	Security & Guarding
04/2022	AQUIRIAN	CYBEM MECHANICAL SERVICES	AUSTRALIA	Maintenance
01/2022	AMBIENTA	GROUPE CAP VERT	FRANCE	Landscaping

REFERENCES

Revenue range: REV £50–100M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Churches Fire by Horizon Capital are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: churches fire

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Churches Fire, a British company specialised in Maintenance, by Horizon Capital in 2023, structured as a leveraged buyout (LBO).

What was Churches Fire’s revenue at the time of the deal?

At the time of the transaction, Churches Fire’s annual revenue was estimated within the £50–100M range (FY 2021). Detailed financial figures are available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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