Tresmares supports Grupo FIRE, backed by Iberian Ventures, through flexible financing to fuel the Company’s buy-and-build

Tresmares has provided a tailor-made financing package to support Grupo FIRE’s ambitious buy-and-build growth plan within the fire protection systems maintenance industry.

Iberian Ventures is a Spanish private equity firm focused on consolidating traditional fragmented industries through a buy-and-build strategy, professionalizing, digitalizing, and scaling operations to create sector leaders.

Grupo FIRE is a leading Spanish provider of fire protection services, with a core focus on maintenance for active fire suppression systems. The Company was established through a successful consolidation strategy launched in 2022 by Iberian Ventures. It serves a highly diversified client base of over 100,000 customers, enjoying minimal churn thanks to its maintenance-focused business model and the sector’s strong regulatory tailwinds. Grupo FIRE has developed a comprehensive national footprint, operating across eight regions—Madrid, Castilla y León, Castilla-La Mancha, Aragón, Navarra, Cataluña, Comunidad Valenciana and Andalucía.

Tresmares, together with Santander and one existing bank, has provided a global financing package that provides Grupo FIRE the flexibility and committed capital needed to boost its ambitious inorganic growth strategy. Tresmares’ agility and flexibility throughout the process were instrumental in structuring a financing package tailored to Grupo FIRE’s specific needs.

Álvaro Guitard, Founding Partner at Iberian Ventures, said “We are convinced that Tresmares is the ideal partner to help Grupo FIRE achieve its objectives in the coming years. Their understanding of the project and alignment with our ambition have been key to obtaining the flexibility needed to continue our accelerated growth. We now have everything in place to become the leading maintenance-oriented fire protection company in Spain”.

Borja Gomez-Zubeldia, Senior Partner at Tresmares, said “At Tresmares we are pleased to partner with Iberian Ventures as Grupo FIRE enters its next stage of growth, marking a unique opportunity to strengthen the leading consolidation platform in the fire protection systems maintenance industry. We are confident that this partnership will lay the foundation for a long-term relationship with Iberian Ventures, supporting Grupo FIRE’s journey to become a true industry champion.”

About Tresmares:

Founded in 2019, Tresmares is a Pan-european alternative investment platform managing +€3.5bn in commitments across our Direct Lending, Fund of Funds and Minority Private Equity strategies.
• Through our core Direct Lending strategy, Tresmares manages +€2.5bn in commitments having closed more than 100 direct lending transactions since inception.
• We currently operate across most Western Europe geographies through our hubs in Madrid (2019), London (2023) and Frankfurt (2025) where we have more than 35 investment professionals.
• Our investment strategy is sector-agnostic, targeting businesses in high growth sectors or micro sectors, with strong competitive positions and with EBITDAs ranging from €/£2m to €/£50m.
• We have a unique array of financing solutions including senior and junior debt, passive minority co-investments to accompany PE and fund financing solutions for PE.
• Tresmares can underwrite solely tickets ranging from €/£10m to +€/£75m, with capacity to participate in larger financings with other lenders and with proprietary co-investors.
• We follow a flexible and pragmatic approach towards structuring transactions, specializing in supporting LBOs, buy and build projects and organic growth investments (capex).