Summit Companies, a portfolio company of CI Capital Partners, has acquired Alliance Fire Protection Co. and Alliance Fire Protection Special Systems (together “Alliance”). CI Capital acquired Summit from Prospect Partners in September 2017.
Alliance designs, engineers and installs commercial, industrial and multi-family residential fire protection systems for new construction projects and renovations, and provides ongoing maintenance and inspection services. The company, led by its President Lyle “Jag” Amdahl, was founded in 1981 and is headquartered in Tempe, AZ (www.afpc.com).
The buy of Alliance is the sixth add-on acquisition completed since CI Capital acquired the company in September 2017 from Prospect Partners. Alliance is also Summit’s first add-on acquisition outside of its core Midwestern geography. “We are focused on building a national business to better serve our customers, and our acquisition strategy is essential in achieving that goal,” said Summit CEO, Jeff Evrard. “Alliance has an excellent reputation in the Arizona market, making this acquisition an ideal first step to increasing our presence in the Southwestern United States. We are excited to grow the Arizona region through organic growth and future acquisitions.”
Summit Companies provides inspection, testing and monitoring, service and repair, installation, and consulting services for fire protection, life safety and security systems to over 35,000 commercial, industrial, government, healthcare and multi-family residential facilities annually. The company has expertise across the entire spectrum of fire and life safety categories including both wet and dry suppression, clean agent suppression, alarm and security monitoring, fire extinguishers, kitchen hoods and special hazard systems. Summit was founded in 1999 and has 11 locations in five Midwestern states with headquarters in St. Paul (www.SummitCoUS.com).
“Through five add-on acquisitions in Summit’s core Midwestern market and the establishment of a new region with the acquisition of Alliance, Jeff and the rest of Summit’s management team have made tremendous progress accelerating their acquisition strategy in a short amount of time,” said Timothy Hall, Managing Director, CI Capital Partners. “We look forward to continuing to support their efforts.”
CI Capital Partners invests from $25 million to $100 million in middle market companies in the following sectors: business services, consumer services, distribution, government services and defense, and light manufacturing. Since its founding in 1993, CI Capital and its portfolio companies have made more than 260 acquisitions representing over $9 billion in enterprise value. The firm is based in New York (www.cicapllc.com).
© 2018 Private Equity Professional | January 22, 2018
