Rapidrop Global Ltd received a significant multi-million pound investment from BGF to enhance its global growth in the fire suppression market. Based in Cambridgeshire, Rapidrop is a prominent manufacturer of fire sprinkler heads and components, operating in over 80 countries. The company aims to capitalize on the growing demand for sprinkler systems, projected to grow over 8% annually through 2030. This investment will support Rapidrop’s international expansion, product development, and operational scaling, with family members retaining a majority stake and an experienced CEO appointed.
BGF's investment comes at a pivotal time for the fire suppression industry, which is experiencing rapid growth driven by tighter regulations, increased construction activity and rising global urbanisation.
The sprinkler systems market alone is forecast to grow at more than 8% annually through to 2030, underpinned by growing demand for risk mitigation and building safety solutions.
Since 2017, Rapidrop has doubled in size and continues to expand its reach, reputation and product range. With BGF's backing, the company plans to accelerate its international expansion.
As part of the deal, family members Dan Gill and Rebecca Park will retain a majority stake in the business and remain actively involved.
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