Announced
Completed
Financials
Sources
Tags
Domestic
Private
Friendly
water detection
Water
Completed
Acquisition
Single Bidder
United Kingdom
Private Equity
Majority
Synopsis
YFM, a private equity firm, completed the acquisition of a majority stake in SOS Leak Detection, a provider of non-destructive escape of water detection. Financial terms were not disclosed. “After more than 30 years working in the space, I joined SOS Leak Detection earlier this year as I could see that, with the right backing, SOS has huge potential for growth. The company has established a proven name with insurers and is building a brand with homeowners as the best-in-class contractor for dealing with hidden escape of water claims. SOS can do the full find and fix service in a cost-effective manner whilst providing minimal disruption. We already have an impressive customer base, boosted by several recent wins, which puts SOS in a great place," Jamie Nash, SOS Leak Detection Managing Director.
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