Keystone Acquires Kidde Fire Trainers
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Keystone Acquires Kidde Fire Trainers

kidde nf1Keystone Capital has acquired Kidde Fire Trainers, a business unit of United Technologies’ Building & Industrial Systems Group.

Kidde Fire Trainers (KFT) designs, installs and services live fire training simulators and related technologies. Customers include fire academies, municipalities, governments, and industrial companies. The company is headquartered in Montvale, NJ with additional offices in Barlborough, UK and Aachen, Germany (www.kiddefiretrainers.com).

gwilliam nf“The KFT transaction is a perfect fit with Keystone’s investment criteria – a market leader with a great brand, a solid management team, and opportunities for growth and value creation under our stewardship,” said Scott Gwilliam, Managing Director of Keystone Capital. “We were glad to have worked with United Technologies on this important transaction, and look forward to working with the KFT management team to build a strong standalone business.”

All management and employees of KFT will be retained in the transaction, and the operations of the company will be unchanged.

“The most important benefit of this transaction from our perspective is our new ability to operate as a standalone business focused on nothing but fire training simulators,” said Rob Lane, the newly-appointed CEO of Kidde Fire Trainers. “We are energized and excited by the idea of working with Keystone and leveraging their extensive experience with corporate divestitures such as this.”

Keystone Capital invests in middle market companies with EBITDAs of $3 million to $12 million that are market leaders in niche, mature industries. Sectors of interest include niche manufacturing, industrial technology, food products and packaging, healthcare products and services, business and professional services. Keystone Capital manages in excess of $200 million in investment capital and is based in Chicago (www.keystonecapital.com).

Senior debt financing was provided by The Private Bank, and legal counsel was provided to Keystone by Kirkland & Ellis.

© 2014 PEPD • Private Equity’s Leading News Magazine • 3-27-14

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