M&A Deal Summary

Summit Companies Acquires Fire & Life Safety America

On January 3, 2022, Summit Companies acquired safety/security company Fire & Life Safety America from Blue Point Capital Partners, Twin Brook Capital Partners and Five Points Capital

Acquisition Highlights
  • This is Summit Companies’ 22nd transaction in the Safety/Security sector.
  • This is Summit Companies’ 23rd transaction in the United States.
  • This is Summit Companies’ 1st transaction in Virginia.

M&A Deal Summary

Date 2022-01-03
Target Fire & Life Safety America
Sector Safety/Security
Buyer(s) Summit Companies
Sellers(s) Blue Point Capital Partners
Twin Brook Capital Partners
Five Points Capital
Deal Type Add-on Acquisition

Target

Fire & Life Safety America

Richmond, Virginia, United States
website
Fire & Life Safety America is a provider of fire and life safety services to the commercial, industrial, institutional and multy-family markets. Fire & Life Safety America was founded in 1997 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Summit Companies

Mendota Heights, Minnesota, United States

website


Category Company
Founded 1999
Sector Business Services
DESCRIPTION

Summit Companies is a provider of fire and life safety service and installation company. Summit's end-to-end capabilities include inspection, testing and monitoring, service and repair, installation, and consulting services for fire protection, life safety, and security systems. Summit Companies was established in 1999 and is based in Mendota Heights, Minnesota.


DEAL STATS #
Overall 23 of 23
Sector (Safety/Security) 22 of 22
Type (Add-on Acquisition) 23 of 23
State (Virginia) 1 of 1
Country (United States) 23 of 23
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Republic Fire Protection

Fort Myers, Florida, United States

Republic Fire Protection provides fire extinguishers, fire extinguisher inspection services, emergency lighting, fire sprinkler sales & service, & fire protection equipment to the Southeast. Republic Fire Protection is based in Fort Myers, Florida.

Buy -

Seller(S) 3

SELLER

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.


DEAL STATS #
Overall 32 of 36
Sector (Safety/Security) 2 of 2
Type (Add-on Acquisition) 9 of 10
State (Virginia) 1 of 1
Country (United States) 30 of 33
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 National OnDemand

Burlington, North Carolina, United States

National OnDemand is a communication and utility infrastructure service provider to the U.S. fiber, wireless, energy and technology sectors. National OnDemand was founded in 2017 and is based in Burlington, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Kendall Vegetation Services

Lawrenceville, Georgia, United States

Kendall Vegetation Services provides professional vegetation management services, specializing in right-of-way maintenance, herbicide treatment, storm restoration and power line clearing, to utility customers on both transmission and distribution lines. Kendall Vegetation Services was founded in 1960 and is based in Lawrenceville, Georgia.

Sell -
SELLER
DESCRIPTION

Twin Brook Capital Partners is a provider of senior financing to small and mid-sized profitable companies. The Firm looks to offer a variety of credit and equity solutions including revolvers, senior loans, unitranche loans, mezzanine financing, and equity co-investment to US-based companies with $3 to $50 million in EBITDA. Target sectors include industrial, manufacturing, business services, financial services, insurance, aerospace/defense, distribution, healthcare, and software/tech enabled services. Twin Brook Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 6
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 2 of 6
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 RQM+

Monroeville, Pennsylvania, United States

RQM+ is a medical device and diagnostics-focused, regulatory, and quality consulting firm. The company delivers transformative solutions by providing unrivaled collective expertise, fueled by a passion for client success. RQM+’s experts are collaborative, laser-focused on client needs, and committed to delivering high-value solutions that exceed expectations. RQM+ is based in Monroeville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-07 Networking Packaging Group

Warsaw, Indiana, United States

Networking Packaging Group is a provider of packaging services to medical device and pharmaceutical companies. Networking Packaging Group was founded in 2015 and is based in Warsaw, Indiana.

Buy -
SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 43 of 56
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 14 of 23
State (Virginia) 7 of 7
Country (United States) 43 of 56
Year (2022) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Industrial Valve

Eight Mile, Alabama, United States

Industrial Valve is a provider of specialty valve repair services and distributor of new and refurbished valves to an impressive base of blue-chip customers. IVS focuses on providing mission-critical inspection, maintenance and repair services for safety, manual and control valves within the Power, Paper, Chemical and Oil & Gas end markets. Industrial Valve was founded in 1975 and is based in Eight Mile, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Godwin Formwork Solutions

Oklahoma City, Oklahoma, United States

Godwin Formwork Solutions designs, rents, and sells complex concrete formwork equipment and systems throughout the Midwest and Southwest U.S. markets. Godwin Formwork Solutions is based in Oklahoma City.

Buy -