Brisant Secure receives investment from BGF.
After receiving an approach to sell a stake in the Company, the Brisant shareholders wished to explore this and alternative options to realise value for all their hard work.
Brisant is a leader in the design, development, sourcing, marketing, and distribution of high quality, innovative door locks and hardware. Whilst the original aim was to create a business servicing the locksmith market, the product range has grown over time and now services not just locksmiths but fenestration companies and homeowners directly. It employs 45 people at locations in Dewsbury and Nottingham.
Brisant had consistently delivered strong growth, increasing profits at a compound annual growth rate of nearly 30% per annum from 2018 to 2020. This performance led to Brisant appearing as one of Britain’s’ fastest growing companies in the Sunday Times Virgin Atlantic Fast Track 100 for the second consecutive year in 2020.
The investment by BGF in October 2020, was earmarked to support Brisant’s ambitious long-term growth plans and enable the company to develop further innovations and opportunities.
BGF’s investment is a milestone in Brisant’s development, and it marks the start of an exciting new era for the business.
Nick Dutton, CEO
We were initially mandated to assess the original approach and then to find a suitable acquirer to help supercharge growth and to facilitate the full exit of a non-active shareholder.
The wider dual track process commenced in November 2020; a time of significant Covid / Brexit / supply chain related challenges for the business and market generally. However, despite these challenges, there was a high level of interest from trade and private equity, who were impressed with the way and speed with which Brisant had established itself as a leader in its sector and the rate at which it was growing.
Exclusivity was granted to BGF in early January 2021 with completion end of February 2021. Due to the prevailing Covid restrictions we managed to conduct the process almost entirely virtually.
Brisant has grown its revenues by 30% since BGF invested.
BGF’s investment is a milestone in Brisant’s development, and it marks the start of an exciting new era for the business. Steve and I are incredibly proud of Brisant’s achievements. We’ve reached a point where we have more ideas for innovative hardware than we could bring to market on our own, and with BGF as an invested partner we can explore these opportunities and channels with this incredible pool of experience, knowledge and contact. It’s great news for customers and Brisant, and when we look at these innovations and plans it is great news for the industry. I think it’s also significant that such a prominent investor recognises the growth and potential of our sector.
Nick Dutton, CEO
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