Lincoln Road Global Management has completed its first investment in Pro-Tec Fire & Safety, a provider of fire extinguisher and safety services.
Pro-Tec Fire & Safety specializes in fire extinguisher inspection and recharge; fire suppression systems installation and inspection; emergency lighting installation and repair; fire sprinkler systems installation and service; and fire safety equipment sales. The company’s customers include commercial businesses, municipalities, and multi-unit real estate developments.
Pro-Tec’s monitoring, testing and inspection services are code driven which results in the generation of recurring revenue for the company. Pro-Tec is headquartered in Atlanta (www.protecfiresafety.com).
The buy of Pro-Tec is Lincoln Road’s first transaction since its investment team was assembled under the leadership of Managing Partner Jeff Magny. “We’re very excited to complete our inaugural investment, and to do so in an industry and company with such significant growth opportunities,” said Mr. Magny. “The fire safety space is highly fragmented, and we see a great opportunity to grow through a ‘buy and build’ strategy while utilizing our operational expertise to help the company reach its full potential as the fire safety leader throughout the Southeast.”
Lincoln Road invests in businesses that have from $20 million to $150 million in revenue and are active in the industrial, consumer and retail, or business services sectors. The firm was founded in 2015 by Jeff Magny and is headquartered in Miami (www.lincolnroadmgmt.com). Prior to founding Lincoln Road, Mr. Magny was a senior vice president at Sun Capital Partners.
Lincoln Road is currently investing on a deal-by-deal basis with the support of a group of investors that includes institutions and family offices. Lincoln Road plans to complete additional platform investments prior to raising its first fund.
Holland & Knight (www.hklaw.com) provided legal services to Lincoln Road on this transaction.
© 2018 Private Equity Professional | August 8, 2018
