Marlowe acquires Alpha Peerless Fire Systems Ltd

Marlowe has acquired Alpha Peerless Fire Systems Ltd, a provider of fire protection services based in Maidstone, for £475,000 on a debt-free, cash-free basis.

For the 12 months to 31 March 2016, Alpha Peerless reported unaudited revenues of £2.6m, adjusted EBITDA of £0.2m, unaudited gross assets of £0.7m and unaudited profit before tax of £0.03m.

Under the transaction, Marlowe was acquiring about £1.4m of Alpha Peerless' recurring customer revenues in addition to £1.2m revenue associated with installation work.