M&A Deal Summary

KKR Acquires Marmic

On July 24, 2024, private equity firm KKR acquired safety/security company Marmic from HGGC

Acquisition Highlights
  • This is KKR’s 3rd transaction in the Safety/Security sector.
  • This is KKR’s 192nd transaction in the United States.
  • This is KKR’s 3rd transaction in Missouri.

M&A Deal Summary

Date 2024-07-24
Target Marmic
Sector Safety/Security
Buyer(s) KKR
Sellers(s) HGGC
Deal Type Secondary Buyout

Target

Marmic

Joplin, Missouri, United States
Marmic Fire & Safety's headquarters in Joplin, Missouri.
Marmic Fire & Safety's headquarters in Joplin, Missouri.
Marmic is a full-service fire protection company providing inspection, maintenance, repair, and installation services to commercial customers throughout the United States. Marmic was formed in 1951 and is based in Joplin, Missouri.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 435 of 437
Sector (Safety/Security) 3 of 3
Type (Secondary Buyout) 108 of 109
State (Missouri) 3 of 3
Country (United States) 192 of 194
Year (2024) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 OneStream

Birmingham, Michigan, United States

OneStream is a provider of cloud or on-premise Corporate Performance Management (CPM) solutions for mid-sized to large enterprises. OneStream was founded in 2012 and is based in Birmingham, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 FGS Global

New York, New York, United States

FGS Global is a global strategic communications consultancy that advises clients in navigating complex situations and reputational challenges. FGS was formed from the combination of Finsbury, The Glover Park Group, Hering Schuppener, and Sard Verbinnen & Co to offer board-level and c-suite counsel in all aspects of strategic communications – including corporate reputation, crisis management, and government affairs – and is also the leading force in financial communications worldwide. It offers seamless and integrated support with offices in the following locations: Abu Dhabi, Amsterdam, Beijing, Berlin, Boston, Brussels, Chicago, Dubai, Dublin, Düsseldorf, Frankfurt, Hong Kong, Houston, Kingston, London, Los Angeles, Munich, Paris, Riyadh, San Francisco, Shanghai, Singapore, Tokyo, Washington, D.C., West Palm Beach, and Zurich. FGS Global is headquartered in New York.

Buy -

Seller(S) 1

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


DEAL STATS #
Overall 22 of 22
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Missouri) 1 of 1
Country (United States) 19 of 19
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Dentive

Provo, Utah, United States

Dentive is a partner-focused Dental Support Organization (DSO) that provides expert-level business support to dentists, oral surgeons, and orthodontists in the country. All Dentive doctors have complete clinical autonomy while offloading burdensome business tasks to teams of qualified professionals. This allows Dentive doctors to provide a more exceptional quality of care to every patient that they see. Dentive was formed in 2019 and is based in Provo, Utah.

Buy -