Herrington Carmichael advised the Alarm Communication Limited’s (ACL) management team on strategic investment by and sale of shares to Marlowe plc.
Marlowe, the UK leader in business critical services and software which assure safety and regulatory compliance, announces that it has acquired ACL, a provider of fire safety and security services, for an enterprise value of up to GBP7.3 million.
Founded in 1984, ACL is based in Surrey and employs approximately 80 staff. The acquisition provides attractive synergies with Marlowe’s testing, inspection and certification activities.
Herrington Carmichael’s corporate team, Chris Gemson (Corporate solicitor), Emma Roper (Corporate solicitor), and Michelle Lamberth (Corporate governance) with employment partner, Alistair McArthur and his team, acting on the employment elements.
Hunt Ford & Co’s Leslie Ford advised on the corporate finance and accounting matters.
Ray Healey, Business Director, Alarm Communications Limited said “Our experience with the whole of the Herrington Carmichael team has been excellent. Matt Lea and his team worked tirelessly to complete our transaction within budget and on time, helping to achieve a fantastic deal for the shareholders. The advice Matt provided was clear, commercial and strategic, his response times were great and he was always available at any time I needed him. I would highly recommend Herrington Carmichael as an invaluable partner to anyone selling their business. I am looking forward to working with Matt and his team again in the future.”
