Alpine Fire Engineers has secured a £70 million refinancing deal with Shawbrook Bank and HSBC to support its future acquisitions and ongoing growth strategy. The financing has already been used to fund Alpine’s acquisition of DAS Fire Limited, aligning with the company’s plan to supplement organic growth through acquisitions and further strengthen its position in the fire engineering sector.
Since a management buyout in December 2022, backed by private equity firm WestBridge, Alpine has experienced significant expansion, allowing the company to grow its core operations and enter more complex markets. This new financing package will enable further growth, positioning Alpine as a leader in the fire suppression industry.
Steven Nanda, CEO of Alpine, expressed his appreciation for the support from both financial institutions, saying, “We would like to thank the team at Shawbrook for their continued support, and also the team at HSBC, who join us on the next phase of our exciting journey.”
WestBridge, a key investor in Alpine since 2022, welcomed the new debt facility. Thomas Dutton, Senior Investment Manager at WestBridge, highlighted that this package will provide the flexibility and certainty needed for Alpine to pursue its next phase of expansion and growth.
The financing will allow Alpine to continue scaling its business, including increasing headcount by 30%, pursuing further strategic acquisitions, and implementing new IT systems. Both Shawbrook and HSBC have expressed confidence in Alpine’s potential for continued growth. Jake Taylor, Director at HSBC UK Leveraged Finance, described it as an exciting time for the company, while Deepak Parekh, Senior Director at Shawbrook, expressed enthusiasm about supporting Alpine’s ambitious growth plans.
Alpine Fire Engineers’ £70 million refinancing package from Shawbrook Bank and HSBC is set to propel its growth strategy, following its successful management buyout and rapid expansion, with support from key financial partners.
