New Path Fire & Security partnership with Moore Barlow
Moore Barlow has advised New Path Fire & Security on 13 transactions worth £47 million since 2019.
The relationship began around six years ago, with both organisations based in Southampton and introduced through a debt broker.
Moore Barlow advised on the acquisition that established New Path as a trading entity.
At the outset of the relationship, the firm worked within tight budget constraints and provided flexible rates.
Transactions, financing and acquisition examples
Moore Barlow’s work has included 11 further acquisitions and a major financing deal for New Path.
New Path now operates nationally across fire risk assessments, fire protection, security systems and passive fire safety.
A £20 million 30-year royalty financing arrangement was secured in 2022 with an AIM-listed institutional investor.
That financing supported two acquisitions which expanded both geography and technical capabilities.
The acquisition of BDi Security Solutions completed in 10 weeks.
The purchase of Electrifire Limited in April 2024 strengthened New Path’s position in the London commercial market.
Kirsty Leary said: “New Path Fire & Security is the kind of client we love working with, we’ve been privileged to support them from day one, through every acquisition and milestone.
“What makes this partnership significant is the trust that has developed over six years.
“We know their business inside out, we understand their strategic goals, and we can work quickly on any deal.
“It is a long standing relationship and we are proud to continue supporting their growth ambitions.”
Jeremy Over said: “Working with New Path Fire & Security over a sustained period has shown what can be achieved through clear planning and consistent execution.
“Their focus and pace have driven each deal forward and it has been rewarding to help them build a platform that now operates across the country.
“Their progress speaks to a shared understanding of how to move quickly and get complex transactions over the line.”
Andrew Hill said: “Moore Barlow has been a consistent and trusted partner from the very start of our journey.
“Their practical advice and flexible approach allowed us to take our first steps as a business and have continued to support us through every acquisition and financing milestone.
“Their understanding of our goals and the market has been invaluable in helping us grow and expand our services across the UK, in what is an important industry to people’s safety.”
Moore Barlow said New Path Fire & Security is one of several clients it has supported through multiple acquisitions.