M&A Deal Summary

Permira Acquires Encore Fire Protection

On March 13, 2025, private equity firm Permira acquired safety/security company Encore Fire Protection from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Permira’s 2nd transaction in the Safety/Security sector.
  • This is Permira’s 45th transaction in the United States.
  • This is Permira’s 1st transaction in Rhode Island.

M&A Deal Summary

Date 2025-03-13
Target Encore Fire Protection
Sector Safety/Security
Buyer(s) Permira
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams
Baird (Financial)
Kirkland & Ellis (Legal)

Target

Encore Fire Protection

Pawtucket, Rhode Island, United States
Encore Fire Protection is a provider of fire protection services across the Northeast U.S. Encore delivers testing and inspection, maintenance and repair, and installation services to facility owners and contractors across a variety of industries. With end-to-end capabilities across fire alarm, suppression, extinguisher, and sprinkler systems, Encore services the full spectrum of critical fire safety needs for its customers. Encore Fire Protection was founded in 2009 and is based in Pawtucket, Rhode Island.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 167 of 168
Sector: Safety/Security M&A 2 of 2
Type: Secondary Buyout M&A Deals 45 of 45
State: Rhode Island M&A 1 of 1
Country: United States M&A 45 of 46
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-16 mParticle

New York, New York, United States

mParticle is the customer data platform for every screen. Sophisticated marketers at companies including Starwood, NBC Universal, Spotify, and Airbnb use mParticle to integrate and orchestrate their entire growth stack, enabling them to win in key moments of the customer journey. mParticle was founded in 2012 and is based in New York City.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 PharmaCord

Jeffersonville, Indiana, United States

PharmaCord is a pharma services company that serves as a commercialization partner for life sciences organizations to enhance the patient experience. The company's comprehensive solutions support the patient journey for specialty medications through a range of services that raise awareness, facilitate access to treatment, improve affordability, and promote therapy adherence. PharmaCord is based in Jeffersonville, Indiana.

Sell -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 58 of 59
Sector: Safety/Security M&A 2 of 2
Type: Secondary Buyout M&A Deals 31 of 32
State: Rhode Island M&A 1 of 1
Country: United States M&A 52 of 52
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-23 All4

Kimberton, Pennsylvania, United States

ALL4 provides regulatory-driven environmental, health & safety (“EH&S”) consulting services. The Company offers a comprehensive suite of services including air quality, EH&S, digital solutions, and sustainability consulting that address clients’ mission-critical needs. Founded in 2002, ALL4 is headquartered in Kimberton, Pennsylvania and operates from 12 offices worldwide, with a national office footprint across the U.S. and an international presence in Europe and Latin America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-10 NMi Certin

Delft, Netherlands

NMi Certin is an independent specialist for legal metrology testing and inspection services in Europe and a trusted brand globally. NMi specializes in type approval & certification, verification & calibration, and consultancy services covering a broad range of advice on complex regulations and accreditations. NMi Certin was founded in 1937 and is based in Delft, Netherlands.

Sell -