M&A Deal Summary

PNC Riverarch Capital Acquires Fire & Life Safety America

On June 30, 2015, private equity firm PNC Riverarch Capital acquired safety/security company Fire & Life Safety America from RedCloud Capital and KRG Capital Partners

Acquisition Highlights
  • This is PNC Riverarch Capital’s 1st transaction in the Safety/Security sector.
  • This is PNC Riverarch Capital’s 10th transaction in the United States.
  • This is PNC Riverarch Capital’s 1st transaction in Virginia.
Investment Fate
  • Fire & Life Safety America was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2015-06-30
Target Fire & Life Safety America
Sector Safety/Security
Buyer(s) PNC Riverarch Capital
Sellers(s) RedCloud Capital
KRG Capital Partners
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)

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

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2011
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.


DEAL STATS #
Overall 10 of 27
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 3 of 11
State (Virginia) 1 of 1
Country (United States) 10 of 22
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-20 North American Breaker

Burbank, California, United States

North American Breaker Co., Inc. is a specialty reseller of circuit breakers and related electrical components. North American Breaker was established in 1996 and is based in Burbank, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 LawLogix

Phoenix, Arizona, United States

LawLogix is a provider of software as a service (“SaaS”) solutions and data migration services to law firms, employers, and non-profit organizations. The Company provides immigration case management, electronic I-9 compliance, and E-Verify solutions with a focus on engineering excellence, stellar customer service and support, and thorough legal analysis. LawLogix is based in 2000 and is based in Phoenix, Arizona.

Sell -

Seller(S) 2

DESCRIPTION


DEAL STATS #
Overall 3 of 3
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Virginia) 2 of 2
Country (United States) 3 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-08 S&N Communications

Louisa, Virginia, United States

S&N Communications, Inc. is a provider of construction and maintenance contractor to local telephone and cable television companies.

Sell -
SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


DEAL STATS #
Overall 33 of 41
Sector (Safety/Security) 1 of 2
Type (Secondary Buyout) 10 of 14
State (Virginia) 1 of 1
Country (United States) 32 of 40
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Core Label

Tyrone, Pennsylvania, United States

Core Label LLC is a provider of roll-fed labels for the beverage market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 ATI Physical Therapy

Bolingbrook, Illinois, United States

ATI Physical Therapy is a rehabilitation provider, specializing in research-based physical therapy, workers’ compensation rehab, employer worksite solutions, and sports medicine. ATI Physical Therapy was founded in 1996 and is based in Bolingbrook, Illinois.

Sell -