Bastion Security Installations

Location: Gateshead

Sector: Security

Web site: www.bastion-security.co.uk

Investment

Amount: £400,000

Type: Mezzanine

Fund: North East Growth Plus Fund

Executive: Joanne Pratt

Why we invested

Bastion is a well-established security company that designs, manufactures and installs products used primarily by the banking, defence and retail sectors.

The company, established in 1982, was acquired through an MBO in 2002. Since the buy-out Bastion has developed its product range, which includes cash machine enclosures, cashier facilities and anti-ballistic products.

Outcome

Bastion will use the investment to increase its capacity as it expands into new and existing markets. It will also upgrade its production facilities and recruit and train new staff.

The company plans to launch several new products into the public security, commercial security and defence sectors. It's also looking to expand into foreign markets, including the Middle East.

Testimonials

“FW Capital’s investment will play an important role in our expansion. It will provide us with the working capital we need to help us enter new markets for physical security products where high security levels are required.” Tom Deevy, Managing Director, Bastion.

“Bastion is a well-established business operating in a range of niche markets and is highly regarded in the UK. Bastion’s management team has a proven ability to develop innovative new products that differentiate it from the competition. FW Capital’s investment will help Bastion to accelerate its growth as it develops new products and penetrates new markets.” Joanne Pratt, Senior Investment Executive, FW Capital.

Adviser

Irving Ramsay Limited: corporate financial advisers

Watson Burton LLP: legal advisors to FW Capital

Muckle LLP: legal advisors to Bastion Security