M&A Deal Summary

FirstService Acquires Century Fire Protection

On April 6, 2016, FirstService acquired safety/security company Century Fire Protection from Granite Bridge Partners

Acquisition Highlights
  • This is FirstService’s 1st transaction in the Safety/Security sector.
  • This is FirstService’s 7th transaction in the United States.
  • This is FirstService’s 1st transaction in Georgia.

M&A Deal Summary
Date 2016-04-06
Target Century Fire Protection
Sector Safety/Security
Buyer(s) FirstService
Sellers(s) Granite Bridge Partners
Deal Type Add-on Acquisition

Target

Century Fire Protection

Duluth, Georgia, United States
Century Fire Protection LLC designs, fabricates and installs automatic fire protection systems throughout the Southeast. Century provides a full array of new construction, retrofit, and inspection services for commercial, industrial and multi-family residential buildings.

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Buyer(S) 1

Buyer

FirstService

Toronto, Ontario, Canada
Category Company
Founded 1988
Sector Real Estate
Employees29,000
Revenue 4.3B USD (2023)
DESCRIPTION

FirstService is real estate services company. FirstService manages residential and commercial properties through three service platforms: Colliers International, one of the largest global players in commercial real estate services; FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations. FirstService was founded in 1988 and is based in Toronto, Ontario.

DEAL STATS #
Overall 7 of 13
Sector (Safety/Security) 1 of 3
Type (Add-on Acquisition) 6 of 12
State (Georgia) 1 of 2
Country (United States) 7 of 12
Year (2016) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 Bruner & Rosi Management

Carlsbad, California, United States

Bruner & Rosi Management, Inc. is a property management company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Paul Davis Restoration

Jacksonville, Florida, United States

Paul Davis Restoration, Inc. is a provider of professional residential and commercial emergency restoration services for disasters of all sizes.

Buy -

Seller(S) 1

SELLER

Granite Bridge Partners

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Mega
Type Sector Agnostic
DESCRIPTION

Granite Bridge Partners is a private equity firm focused on control investments in mid-sized companies operating in traditional industries. The Firm looks to commit $10 to $30 million in profitable companies with up to $100 million in revenue. Broad areas of interest include consumer products/services, business services, and niche manufacturing. Granite Bridge Partners is the former direct investing unit of Wafra Partners and was spun out in 2018. The Firm is based in in New York City.

DEAL STATS #
Overall 7 of 12
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (Georgia) 2 of 2
Country (United States) 6 of 10
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-22 The Wellness Network

Eau Claire, Washington, United States

The Wellness Network is a healthcare providers improve community health by providing comprehensive point-of-care health and wellness solutions that accurately and efficiently address the education needs of patients, families and caregivers. The Wellness Network was formed in 1994 and is based in Eau Claire, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 Winning Streak Sports

Lenexa, Kansas, United States

Winning Streak Sports is a supplier and distributor of sports products to the licensed sports novelty marketplace. Winning Streak Sports is based in Lenexa, Kansas.

Buy -
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