Highview Maintains Rapid Build of National Fire & Safety

National Fire & Safety, a portfolio company of Highview Capital, has acquired RCI Systems, one of the largest fire sprinkler contractors in Arizona.

RCI System’s services include design, build, installation, inspection, repair and servicing of fire sprinkler systems to the office, retail, medical, education, government, industrial, distribution, residential and parking sectors. The company was founded in 1993 by Todd and Cynthia Little and has more than 75 employees with a headquarters in Tempe, AZ.

Highview Capital formed National Fire & Safety as a platform to consolidate the fire protection and life safety sectors. In April 2019 it completed its first acquisition with the buy of Denver-based Frontier Fire Protection from Champlain Capital Partners and, just last month, it acquired Dallas-based Elite Fire Protection Systems. National Fire & Safety is led by CEO Greg Londo.

“We are thrilled to have RCI join National Fire & Safety’s platform,” said Mr. Londo. “We have been impressed with RCI’s top-notch leadership team and its commitment to talent, as well as its superior technical expertise, design-build capabilities and deep customer relationships, especially among general contractors. These attributes, combined with RCI’s leading reputation in a geographic region that is growing by leaps and bounds – the greater Phoenix area – makes RCI a fantastic addition to the National Fire & Safety family.”

Including the buy of RCI, National Fire & Safety now serves more than 1,200 retail, healthcare, education, government, industrial, distribution, industrial and residential customers in seven states across the Mountain West and Southwest regions of the US.

“We launched National Fire & Safety to bring together strong fire safety brands led by excellent management teams across a range of geographies, and the acquisition of RCI is another great example of the extension of this vision,” said Ryan McCarthy, co-founder of Highview. “We look forward to our partnership with Greg, Todd and the rest of National Fire & Safety’s subsidiaries.”

Highview and National Fire & Safety plan to continue the company’s geographic expansion through both organic growth and additional add-on acquisitions.

Highview Capital, headquartered in Los Angeles, invests from $10 million to $125 million of equity in companies with revenues of $50 million to $500 million and EBITDA of $5 million to $50 million. Highview invests in many sectors and is effectively industry agnostic. The firm sources its capital from a $500 million evergreen fund and is backed by Karlin Asset Management, a Los Angeles-based investment company (www.highviewcp.com).

© 2019 Private Equity Professional | October 11, 2019

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