About & Approach
Acquisition criteria
Mandate
Neovian Group Ltd is building a platform in compliance-led fire and security across England. We look for firms whose value sits in recurring inspection and maintenance contracts, the accreditations behind them, and the people who deliver the work. We are not a facilities-management consolidator. We do not buy subcontract books. Our interest is the relationship you hold with your own customers, and a succession that leaves the business stronger.
| Platform | Fire alarm, extinguisher and emergency lighting service and maintenance; fire risk assessment; intruder, CCTV and access control. Revenue typically £2m to £6m. Adjusted EBITDA typically £400k to £800k; we will also review larger businesses around £1m to £1.5m. |
|---|---|
| Quality of earnings | Contracted service, maintenance and monitoring ideally 55% or more of revenue. Installation under about 40%. Healthy EBITDA margin and cash conversion. Engineer retention that shows a stable delivery culture. |
| Customers and people | Direct contracts with building owners, occupiers, managing agents or landlords. No single customer dominating the book. BAFE, NSI Gold or SSAIB preferred, with ISO 9001 a plus. A competent second-in-command and an operations lead who stay. |
| Geography | England only. One serviceable cluster within about 90 minutes of the operating base. Priority: North West, Midlands, London and the South East. The first platform deal sets the map for later bolt-ons. |
| Structure | Share purchase. We exclude revenue that sits behind FM primes. The test question is simple: who signs the contract and who pays the invoice? |
For owners
Selling need not mean dismantling what you built. We design exits that protect staff, customers and reputation.
- Your team stays; engineers and office staff are retained as core value.
- You remain for a structured 12 to 24 month handover.
- We buy your contracted book with your own direct customers.
- Patient capital aimed at building a regional group, not flipping a single asset.
- Bolt-ons in air hygiene, water hygiene and electrical testing can follow once the platform is set.