M&A Deal Summary

Summit Fire & Security Acquires Protegis Fire & Safety

On May 2, 2022, Summit Fire & Security acquired safety/security company Protegis Fire & Safety from Align Capital Partners

Acquisition Highlights
  • This is Summit Fire & Security’s 7th transaction in the Safety/Security sector.
  • This is Summit Fire & Security’s 7th transaction in the United States.
  • This is Summit Fire & Security’s 1st transaction in Ohio.

M&A Deal Summary

Date 2022-05-02
Target Protegis Fire & Safety
Sector Safety/Security
Buyer(s) Summit Fire & Security
Sellers(s) Align Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Calfee, Halter & Griswold LLP (Legal)

Target

Protegis Fire & Safety

Independence, Ohio, United States
website
Protegis Fire & Safety provides inspection, maintenance, installation, and repair services and sells new, repaired, and remanufactured parts for fire and security systems and equipment. Protegis’s team of professional engineers/designers and NICET-certified technicians design, install and program a wide variety of fire and security alarm brands. Protegis’s national footprint and one-stop solution attract customers seeking to simplify their fire safety services spend and increase service quality through vendor consolidation. Protegis Fire & Safety was founded in 2019 and is based in Independence, Ohio.

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Buyer(S) 1

Buyer

Summit Fire & Security

Reno, Nevada, United States

website


Category Company
Sector Safety/Security
DESCRIPTION

Summit Fire & Security provides fire protection and life safety services: fire alarm installation, inspection & repair, kitchen range-hood suppression systems installation, inspection & repair, kitchen exhaust cleaning, fire extinguisher sales, service & installation, fire extinguisher training classes, fire hydrant inspections, testing & repair, back-flow preventer inspections, testing & repairs, fire pump weekly/monthly runs & annual maintenance, and total flood system installation, inspection & repair (halon, alternative clean agents, dry chemical systems, foam systems, CO2 systems). Summit Fire & Security is based in Reno, Nevada.


DEAL STATS #
Overall 7 of 35
Sector (Safety/Security) 7 of 35
Type (Add-on Acquisition) 7 of 35
State (Ohio) 1 of 1
Country (United States) 7 of 35
Year (2022) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 Mid State Fire Equipment

Lake Placid, Florida, United States

Mid State Fire Equipment provides fire protection sales and services, based in Lake Placid, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Roanoke Sprinkler

Roanoke, Virginia, United States

Roanoke Sprinkler provides commercial and industrial fire protection services. Roanoke Sprinkler was formed in 2000 and is based in Roanoke, Virginia.

Buy -

Seller(S) 1

SELLER

Align Capital Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2016
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Align Capital Partners is a private equity firm focused on growth-oriented companies with recurring products and services. Align will consider companies with $3 to $15 million of EBITDA headquartered in the US or Canada. Sectors of interest include aerospace, defense, medical products, energy services, business services, chemicals, packaging, building materials, transportation, utility products/services, niche manufacturing, and value-added distributors. Align Capital Partners is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 9
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Ohio) 1 of 2
Country (United States) 6 of 9
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Barrow-Agee

Memphis, Tennessee, United States

Barrow-Agee is an FDA-registered and ISO-certified provider of testing solutions to North American food manufacturers, suppliers, and distributors. Barrow-Agee’s highly-trained scientists utilize current technology to conduct a variety of client tests with core expertise in food safety, microbiology, nutrients, ingredients, fats and oils, pesticide residue analysis, heavy metals, inorganic analysis, and animal feed tests. Barrow-Agee was founded in 1917 and is based in Memphis, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 StenTech

Markham, Ontario, Canada

StenTech is a manufacturer of stencils and related custom products for applications in electronics and SMT manufacturing across North America. The Company is a critical supply chain partner serving more than 2,000 customers, including leading OEMs and Tier 1 contract manufacturers. It has the geographic reach and technical expertise to be a thought partner to customers, delivering high-quality components with minimal lead times required. StenTech was founded in 1999 and is based in Markham, Ontario.

Buy -