Marlowe plc (AIM:MRL) acquired S F Fire Limited for an enterprise value of £1.1 million on February 11, 2022. The consideration includes a payment contingent on integration of £0.1 million. For the year ended 30 September 2021, S F Fire generated profit before tax of £0.2 million on revenue of £0.8 million. Net assets at 30 September 2021 were £0.5 million. The acquisition will be funded from Marlowe's existing cash resources. Nicholas Wells and Ben Jeynes of Cenkos Securities plc acted as nominated advisor and joint broker; Ben Wright and Mark Whitmore of Berenberg acted as joint brokers; and Nick Hasell and Alex Le May of FTI Consulting acted as consultants to Marlowe in the transaction.

Marlowe plc (AIM:MRL) completed the acquisition of S F Fire Limited on February 11, 2022.