Brisant-Secure has secured an investment from BGF, the UK growth capital investor. Brisant says the move will secure its long-term growth plans, enabling it to develop further innovations and opportunities.
Brisant partners, Nick Dutton and Steve Stewart, remain majority shareholders while Seb Saywood, a BGF investor, joins them on the Brisant board. Nick and Steve will maintain responsibility for the management and direction of the company and ‘continue to drive product innovation that smashes hardware standards for the benefit of customers and the industry’.
Commenting on the investment, Seb Saywood said: “BGF is the most active investor in the UK. We partner with ambitious companies to support their future growth. Brisant-Secure is a shining example of a forward-thinking organisation with big ambitions. Brisant’s success and impact on the market in such a short timeframe is remarkable, and we’re just as impressed with the company’s exciting plans for growth and product development. So, we’re delighted to provide Brisant with the support and resources to achieve these long-term goals.”
Nick Dutton said: “BGF’s investment is a milestone in Brisant’s development, and it marks the start of an exciting new era for the business. Steve and I are incredibly proud of Brisant’s achievements. Over the past eight years, Brisant has redefined customer expectations of security with Ultion and Lock Lock, and with Sweet’s trouble-free lasting looks in suited hardware. And with Ultion Smart customers have a smart product that really walks the talk. We’ve reached a point where we have more ideas for innovative hardware than we could bring to market on our own, and with BGF as an invested partner we can explore these opportunities and channels with this incredible pool of experience, knowledge and contacts. It’s great news for customers and Brisant, and when we look at these innovations and plans it is great news for the industry. I think it’s also significant that such a prominent investor recognises the growth and potential of our sector.”
BGF was set up in 2011 and has invested £2.5bn in nearly 400 companies, making it the most active investor in the UK. BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs. BGF invests in growing businesses in the UK and Ireland through its network of 16 offices. In 2018, Canada launched its equivalent – the Canadian Business Growth Fund – and in 2019, Australia did the same, both based on BGF’s funding model.
Since ‘bursting onto the locksmith scene’ in 2013, Brisant has been raising the standards of the fenestration industry by helping fabricators and installers sell more doors. The company recently featured in the annual Sunday Times Virgin Atlantic Fast Track 100 for the second consecutive year as one of the UK’s fastest growing businesses.