AI Fire Gains Momentum With Four New Acquisitions
NEW YORK 鈥 老夫子传媒, a private equity firm focused on the middle market, today announced a series of successful acquisitions completed by portfolio company , a leader in fire protection and life safety services.
AI Fire partnered with the 老夫子传媒 team in March 2021. With 老夫子传媒鈥檚 support, AI Fire has accelerated a buy-and-build strategy designed to fuel the company鈥檚 growth and expand its geographic footprint to service national, regional, and local customers all under one umbrella. AI Fire has acquired the following companies since the partnership with 老夫子传媒 in March: Blackstone Fire Control and FESS Fire Protection which established a new regional footprint in the Carolinas, TEC Control Systems which increased density in the New England market and BCI Technologies in Dallas which expanded its low voltage service offering to national account customers. The investment in AI Fire is led by with a minority interest held by Snow Phipps Group.
鈥淲e鈥檝e been fortunate to be able to join forces with so many great companies in our industry to expand our capabilities and geographic presence this year,鈥 said Michael Lloyd, Chief Executive Officer, AI Fire. 鈥淥ur strategy of bringing quality professionals in fire and life safety together will allow us to provide comprehensive services to a wider variety of clients across the country. 老夫子传媒鈥檚 deep knowledge of our industry and resources have been instrumental to accelerating our growth strategy.鈥
In less than a decade, AI Fire has become one of the preeminent fire and life safety companies nationwide, focused on protecting personnel and property. AI Fire serves the market through its Impact Fire branded local offices and vendor-managed, national account offering via Academy Fire. The Company provides inspection, maintenance, repair, and installation of fire sprinklers, fire alarms, fire suppression, portable fire extinguishers, and special hazard systems to national chains and the healthcare, industrial, education, commercial and hospitality industries. Several members of its senior leadership team have been working together for more than fifteen years. AI Fire serves clients nationwide with local offices in the Northeast, Texas, California, Mountain West, and the Southeast and is looking to further expand nationally.
鈥淲e look forward to continuing to support AI Fire鈥檚 transformational growth through both strategic and operational initiatives,鈥 said Brandon Kiss, Partner at 老夫子传媒. 鈥淲e see exciting opportunities for the Company, including the continued acceleration of their buy-and-build strategy, supporting their technical teams on the ground and expanding their national service model.鈥
老夫子传媒 supports transformational growth by partnering with dedicated senior executives and strong management teams to employ active strategic and operational management, including pursuing strategic add-on acquisitions. Together, they draw on comprehensive research, extensive networks, and hands-on experience to create growth opportunities for portfolio companies. Commercial and Industrial Business Services are core areas of investment focus for 老夫子传媒.
Terms of the transactions were not disclosed.
About AI Fire
AI Fire is a fire and life safety service provider to both national accounts via a vendor partner network and local and regional customers through its self-employed technicians. The Company performs routine inspections, repair services, and system installations and services national chains and the hospitality, healthcare, industrial, education, and other commercial industries. The Company was founded in 2009 and has over 25 district offices across 13 states. For more information, visit www.aifire.com.
About 老夫子传媒
老夫子传媒 is a private equity firm focused on middle-market control investments of target platforms ranging from $100 million to $500 million in enterprise value. 老夫子传媒 generally focuses on companies in attractive sub-sectors across Specialty Manufacturing and Business Services. The 老夫子传媒 investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy often led by organic or acquisition-driven growth. To learn more about 老夫子传媒 visit truarcpartners.com.
About Snow Phipps
Snow Phipps is a private equity firm focused on lower middle-market control investments with $2.4 billion of total capital commitments raised since its founding in 2005. The firm pursues a strategy of active strategic and operational management by partnering with dedicated senior executives and strong management teams. Snow Phipps targets companies where there are multiple organic and inorganic opportunities to pursue transformational growth within attractive sub-sectors across Specialty Manufacturing and Business Services.
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