Fire and Life Safety America (FLSA), a portfolio of Blue Point Capital Partners, has acquired Integrated Fire Protection (IFP), a provider of fire and life safety services. The buy of IFP is the first add-on completed by FLSA since being acquired by Blue Point in February 2017.
Integrated Fire Protection’s commercial services include inspection, testing and maintenance of building fire protection systems, and the installation of new equipment. The company’s customers are K-12 schools, colleges, universities, manufacturers, distribution centers, data centers, property management, hotels, restaurants, multi-family housing, transportation hubs and entertainment venues.
IFP was founded in 2002 by John Bennett and is headquartered near Atlanta in Norcross, GA (www.integratedfireprotection.com).
“Integrated Fire Protection is a reputable player in the Georgia market that adds valuable scale and customer relationships to FLSA’s current platform. In partnership with Blue Point, FLSA has continued its focus on building a leading fire and life safety service platform that can meet its customers’ needs nationwide. Acquiring IFP bolsters this effort significantly,” said Brian Castleberry, a Principal with Blue Point.
Blue Point acquired FLSA from PNC Riverarch in February 2017 which in turn had acquired the company from KRG Capital in June 2015. FLSA has completed numerous add-on acquisitions under its private equity owners including the buys of Southeast Fire Protection, Affordable Fire Protection, Fire Watch Services, Elite Fire Protection, Texas Southwest Fire Protection, and Universal Sprinkler.
“We have been impressed by the capabilities, reputation and customer base that IFP has built over the last 15 years. Atlanta is an important market for FLSA, and we are excited to partner with the IFP team to expand our presence there,” said FSLA CEO Tom York.
According to Blue Point, FLSA is one of the nation’s largest fire and life safety services providers and a large percentage of the company’s revenue comes from recurring inspection and monitoring accounts. FLSA services fire alarms, sprinkler systems, fire pumps, pipe/hose systems, fire extinguishers, kitchen hood suppression and emergency and exit signs. The company has approximately 800 employees and services customers from 18 branch locations in the mid-Atlantic and southeastern United States, as well as through a national partner network. FLSA was founded in 1997 as East Coast Fire Protection and is headquartered in Richmond, VA (www.flsamerica.com).
Blue Point Capital Partners is a lower middle market private equity firm that invests in manufacturing, distribution and service businesses that have from $20 million to $200 million in revenue and EBITDA greater than $5 million. The firm has over $825 million in committed capital and has offices in Cleveland, Charlotte, Seattle, and Shanghai (www.bluepointcapital.com).
© 2018 Private Equity Professional | January 11, 2018
