What's Happening?
BGF has finalized its exit from BB7, a London-based fire safety consultancy, marking a significant milestone in the company's growth trajectory. During its partnership with BGF, BB7 expanded to become the UK's largest specialist consultancy in fire and façade
engineering. The growth capital investment facilitated BB7's buy-and-build strategy, including acquisitions such as Omega Fire in Manchester and Goldsmith Engineering in Ireland. BGF's exit generated a three-times money multiple return and a 21% internal rate of return (IRR). The investment period saw BB7 expand its senior leadership team, introduce new systems, and adopt a data-led approach to decision-making. BB7 also became a certified B-Corp and received recognition from Best Companies. Post-exit, BB7's founder and CEO, Ben Bradford, will lead the Buildings and Infrastructure Division of Certania Group, continuing a buy-and-build strategy to establish an interdisciplinary platform within the engineering and consultancy sector.
Why It's Important?
The completion of BGF's exit from BB7 underscores the successful growth and strategic expansion within the fire safety sector. This development highlights the potential for significant returns on investment in specialized consultancy services, particularly in areas like fire and façade engineering. The transition to Certania Group positions BB7 for further growth and innovation, potentially influencing industry standards and practices. Stakeholders in the fire safety and engineering sectors may benefit from BB7's expanded capabilities and leadership, while the successful exit reflects positively on BGF's investment strategy and portfolio management. The move could inspire similar growth strategies among other consultancies seeking to expand their market presence and operational capabilities.
What's Next?
BB7's integration into Certania Group's Buildings and Infrastructure Division is expected to drive further expansion and innovation within the fire safety consultancy sector. The continued buy-and-build strategy aims to establish a comprehensive interdisciplinary platform, potentially setting new benchmarks in engineering and consultancy services. As BB7 operates from ten offices and employs nearly 200 staff across the UK and Ireland, its growth trajectory may influence industry standards and practices. Stakeholders, including industry leaders and competitors, will likely monitor BB7's progress under Certania's leadership, assessing potential impacts on market dynamics and competitive positioning.
Beyond the Headlines
The successful exit and subsequent integration into Certania Group may have broader implications for the consultancy sector, particularly in terms of strategic partnerships and investment approaches. The emphasis on data-driven decision-making and certification achievements, such as becoming a B-Corp, reflects a growing trend towards sustainable and ethical business practices. This shift could influence other companies in the sector to adopt similar strategies, potentially leading to long-term changes in industry standards and consumer expectations. Additionally, the focus on interdisciplinary collaboration may foster innovation and drive advancements in engineering and consultancy services.
