Rapidrop turns up the heat with backing from BGF

BGF, the UK and Ireland’s most active growth capital investor, has completed a significant, multi-million investment in Rapidrop Global Ltd, a leading UK manufacturer and supplier of fire prevention, sprinkler and building infrastructure products catering to the global fire suppression industry.

Headquartered in Cambridgeshire, Rapidrop designs and manufactures a comprehensive range of fire sprinkler heads and system components, tailored for commercial, residential and critical infrastructure applications across a global sales and distribution network. As one of only five manufacturers – and the only independently owned UK-based provider – with key global accreditations from internationally recognised bodies Rapidrop is able to serve a diverse customer base across more than 80 countries in Europe, Asia and Africa.

BGF’s investment comes as the fire suppression market is experiencing significant expansion, driven by tightening regulations, increasing urbanisation and global construction projects. The market for sprinkler systems alone is projected to grow at a compound annual growth rate of over 8% through to 2030, underpinned by fire safety regulations and a greater focus on risk mitigation.

Since 2017, Rapidrop has doubled in size, capitalising on its strong brand reputation and ability to meet evolving market demands. With BGF’s backing, Rapidrop is well positioned to accelerate its international expansion into new European and global markets, further strengthening its product portfolio and continuing its commitment to technical innovation. Additionally, access to BGF’s extensive network and value-creation expertise will bolster Rapidrop’s position as a global leader in fire safety solutions.

Rapidrop was founded by Daniel Gill, who oversaw the company’s evolution from its origins as Kestrel Fasteners in the 1980s to the global industry leader it is today. Since his passing in 2017, the Gill family has played a pivotal role in the company’s continued growth and success. With the support of BGF, family members Dan Gill and Rebecca Park will retain a majority stake and remain actively involved in driving the business forward.

As part of BGF’s investment, Rapidrop has reinforced its leadership team to support this next phase of growth. Chris Shelley joined as Chief Executive Officer, bringing extensive industry experience from his role as Chief Commercial Officer at ENVEA Group. Richard Whiting has also been appointed as Chair, providing strategic oversight and leadership as Rapidrop continues to scale.

Chris Shelley, CEO of Rapidrop Global, said:

“I am delighted to have recently joined Rapidrop. My first impressions are of a high-quality business with an excellent reputation, strong fundamentals, and a talented team. This provides a fantastic platform to further enhance our operations and capitalise on the strong tailwinds for growth. BGF’s investment and support will enable us to remain focused on driving product innovation and expanding our global footprint. I look forward to working closely with them and the entire Rapidrop team to deliver the next chapter of the company’s success.”

The deal was led by Mark Nunny and Elena Kovalikhina as part of BGF’s Central & East investment team, marking the team’s third investment in the last 12 months along with Signify Research and Miracle Design & Play.

BGF investor Mark Nunny, said:

“Rapidrop is a well-established brand in a rapidly expanding, regulation-driven market. With a diversified customer base – including distributors, installers, and contractors – Rapidrop has built a strong foundation for sustained growth. Rapidrop’s strong portfolio of proprietary products, combined with its global regulatory approval, provides a significant competitive advantage. We are excited to partner with Chris and the team to support the company’s ambitious growth plans.”

Advisors to the deal include:

For BGF:
• Mills & Reeve (James Hunter, Christina O’Brien) – legal
• WayPoint Change (Andy Pearson) – FDD
• Claritas (Guy Kendall, Danny Orr) – tax

For Rapidrop Global:
• Menzies (John Foundling, Dominic Howarth) – Corporate Finance
• Trowers & Hamlins (Riccardo Abbate) – legal advice

For management
• Howes Percival (Gary Smith, Helaina Mann)

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