Alpine Fire Engineers, based in Bury, has strategically secured a substantial £70 million refinancing package. This crucial financial support comes from Shawbrook Bank and HSBC, positioning the firm for accelerated growth.
The financing arrangement facilitates Alpine’s recent acquisition of DAS Fire and underpins future expansion plans. Significant backing from WestBridge has bolstered Alpine’s effective growth trajectory since its management buyout in 2022.
The refinancing package worth £70 million is a pivotal development for Alpine Fire Engineers. This strategic alliance with Shawbrook Bank and HSBC ensures that the company is well-positioned to capitalise on growth opportunities within the fire engineering sector. This substantial financial backing not only supports Alpine’s ambitious expansion but also enhances its financial flexibility.
Alpine’s successful acquisition of DAS Fire demonstrates its commitment to growing its portfolio and capability in the market. The refinancing agreement will further facilitate similar strategic acquisitions, allowing the firm to enhance its market presence and operational efficiency.
Following a management buyout in December 2022, Alpine has shown remarkable growth. Supported by private equity firm WestBridge, the company expanded its core sectors and developed technical capabilities.
The buyout has significantly contributed to the company exploring complex and high-value markets. Alpine’s approach to growth is characterised by both organic developments and strategic acquisitions, setting a strong foundation for its current and future ventures.
Alpine Fire Engineers is driven by a clear long-term vision, focusing on both organic and inorganic expansion strategies.
Chief Executive Steven Nanda appreciates the robust support from Shawbrook and HSBC, emphasising the role this plays in Alpine’s journey towards becoming a leading fire suppression specialist for complex environments.
The strategic involvement of WestBridge has further solidified Alpine’s ambitious pursuit of growth. Their participation has been pivotal in enhancing Alpine’s industry stature and ensuring sustainable progress.
Thomas Dutton, WestBridge’s senior investment manager, highlights Alpine’s impressive growth trajectory since the 2022 investment. The new debt facility provides flexibility and certainty, crucial for Alpine’s next expansion phase.
With enhancements in IT systems, a 30% increase in staff, and strategic bolt-ons, Alpine remains at the forefront of ESG initiatives. This support framework has been instrumental in positioning Alpine as a competitive force within its industry.
Jake Taylor, director at HSBC UK, acknowledges the complementary nature of the DAS Fire acquisition, aligning perfectly with Alpine’s growth strategy.
HSBC’s involvement, alongside Shawbrook, is seen as a strategic alignment to further Alpine’s market standing and competitiveness.
Deepak Parekh from Shawbrook reflects on the successful collaboration with Alpine, appreciating the management’s dedication to achieving strong results since the buyout.
The refinancing arrangement saw involvement from multiple advisory bodies to ensure a seamless transaction. Clearwater provided debt advisory services, while Pinsent Masons and Eversheds Sutherland acted as legal counsel for the respective parties.
BDO conducted financial due diligence, ensuring that the refinancing aligns with Alpine’s strategic goals and delivers the expected financial benefits.
Alpine Fire Engineers, with its £70 million refinancing initiative, is poised for a significant leap in its growth journey. This robust financial support and strategic partnerships will undoubtedly foster enhanced market participation and industry leadership.