Pyronix, a security equipment specialist based in Hellaby, South Yorkshire, is back under the complete ownership of its management after they bought out the 36 per cent stake held by investment group 3i for undisclosed terms.

Pyronix, a security equipment specialist based in Hellaby, South Yorkshire, is back under the complete ownership of its management after they bought out the 36 per cent stake held by investment group 3i for undisclosed terms.

The buy-out of Pyronix’s parent group Secure Holdings was led by company founder Julie Kenny and Sebastian Herrara, with advice from Kevan Shaw of Sheffield-based dealmakers, Strategic Corporate Finance, and Kevin Cunningham of Sheffield-based national law firm Irwin Mitchell.

Julie Kenny said: “To buy out 3i was the culmination of our five-year plan. 3i have been good partners in the past, but we are excited to be in complete charge of our destiny.”

Kevan Shaw said “I am sure the company will continue to go from strength to strength and consolidate its position as a global leader in security equipment.”

Pyronix makes security control panels, detectors, access equipment, alarms and multilingual security telephone dialling systems.