Checkmate Fire
Status
Current
Country
United Kingdom
Strategy
Development Capital
Sector
Entry
Mar-24
Fund
IK SC III
Website
News
Checkmate Fire welcomes new CEOIK Partners to invest in Checkmate Fire
Leading passive fire protection specialist in the UK
Established in 1989 and headquartered in West Yorkshire, Checkmate Fire (“Checkmate” or “the Company”) provides a comprehensive range of passive fire protection services for organisations across the Commercial, Education, Government, Healthcare and Social Housing sectors.
The Company’s offering includes inspection, installation, remediation and maintenance of passive fire systems, completing over 30,000 fire door remediations or replacements annually. With more than 200 employees and operations across the UK, Checkmate is responsible for the maintenance of passive fire systems in around 2,000 buildings. In addition, it offers smaller scale maintenance services in the active fire protection sector.
IK Partners acquired its stake from YFM Equity Partners in March 2024 and is working alongside the management team, who has reinvested.
What Attracted Us to the Business
- Solid historical growth
- Strong reputation for the provision of high-quality services
- Experienced management team
Our Value Creation Strategy
We are working alongside management to:
- Capitalise on the core passive fire protection opportunity posed by increasingly stringent safety regulations;
- Scale the inspections division and utilise opportunities to cross-sell;
- Drive operational efficiency by streamlining internal processes; and
- Execute strategic add-on acquisitions for scale and capability.
Quote from Checkmate Fire
“As the newly appointed CEO, I am energised by the opportunity to lead Checkmate Fire into its next chapter alongside our investors, IK Partners. Their deep experience in supporting companies across the Business Services sector, combined with our unrivalled position as the UK’s leading passive fire specialist, creates a powerful platform for accelerated growth. Together, we are ready to build on our strong foundations and drive the business forward with ambition and confidence.”
Simon Finnie, CEO
