SOS Leak Detection, a provider of non-destructive escape of water detection and remedial services, has secured an equity investment from YFM to fund its primary buyout.
The buyout was led by Jamie Nash, managing director, who has extensive experience of the sector, having worked in the industry for over 30 years. Jamie will be supported by incoming chair Stuart Black, and founders Nik Day and Brad Wilby, who will remain significant investors in the business and will continue to provide strategic and business development support.
Established in 2011, SOS Leak Detection is headquartered in Wyboston Lakes, Bedfordshire, and has grown to a team of 35 including 25 specialist engineers. With significant experience in technology-led non-destructive escape of water detection and associated remedial services, it mainly serves customers in the insurance sector including insurers, loss adjusters and property managers, working across the UK. Its award-winning service within domestic and commercial settings has resulted in SOS Leak Detection resolving more than 15,000 escape of water instances over the last three years. This approach has led to an excellent track record of customer satisfaction via minimal on-site disruption and damage, ultimately improving the customer journey and reducing overall reinstatement costs for the insurer.
PMSI provided the CDD for the deal including analysis of the addressable market and customer landscape, competitor benchmarking, and customer referencing.
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