Republic Fire Protection, a platform company of Lincoln Road Global Management and Peninsula Capital Partners, has acquired Aegis Fire & Integrated Services.
Aegis Fire & Integrated Services is an installer and servicer of fire extinguishers, as well as suppression, sprinkler and alarm systems. The company services thousands of customers located throughout northern Florida and southern Georgia.
Aegis, led by President Allen Andone, was founded in 2004 and is headquartered near Jacksonville in Orange Park, FL.
Republic Fire Protection was formed to invest in fire safety companies throughout the United States and is currently focused on acquiring companies located in the Southeast.
With the closing of this transaction, Mr. Andone will continue as the president of Aegis and will oversee the company’s daily operations. “We see enormous opportunity in partnering with Aegis, as we continue to grow the Republic Fire platform,” said Jeff Magny, the founder and managing partner of Lincoln Road. “By partnering with regional industry leaders like Allen Andone, we are able to provide additional resources and our operational expertise to help Aegis achieve its full potential.”
In August 2018, Republic Fire acquired its first company with the buy of Pro-Tec Fire & Safety, a Loganville, GA (near Atlanta) based provider of fire extinguisher and safety services with a focus on commercial, municipal and multi-unit developments. The company’s services include the installation of fire alarms, sprinkler systems, fire extinguishers, kitchen hoods, and emergency lighting systems. Pro-Tec also conducts monitoring, testing and inspection of fire and safety systems which are code-driven and provide the company with recurring revenues.
Lincoln Road invests in lower middle-market industrial, consumer and retail, and business services companies that have at least $3 million of EBITDA. The firm was founded in 2015 by Jeff Magny, a former senior vice president at Sun Capital Partners, and is headquartered in Miami.
Detroit-based Peninsula Capital Partners provides junior capital, including subordinated debt, preferred stock or common stock, either as a minority or control investor, to companies operating in a wide range of sectors that have at least $3 million of EBITDA.
© 2019 Private Equity Professional | October 31, 2019
Lincoln Road Global Management has completed its first investment in Pro-Tec Fire & Safety, a provider of fire extinguisher and safety services.
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 (
