Investment Summary

PNC Riverarch Capital Exit Fire & Life Safety America

On February 22, 2017, private equity firm Blue Point Capital Partners, mezzanine finance firm Twin Brook Capital Partners and private equity firm Five Points Capital invested in safety/security company Fire & Life Safety America from PNC Riverarch Capital

Investment Highlights
  • This is Blue Point Capital Partners’ 2nd, Twin Brook Capital Partners’ 1st and Five Points Capital’s 2nd transaction in the Safety/Security sector.
  • This is Blue Point Capital Partners’ 29th, Twin Brook Capital Partners’ 2nd and Five Points Capital’s 60th transaction in the United States.
  • This is Blue Point Capital Partners’ 1st, Twin Brook Capital Partners’ 2nd and Five Points Capital’s 8th transaction in Virginia.
Investment Fate
  • Fire & Life Safety America was sold to a strategic buyer in 2022.

Investment Summary

Date 2017-02-22
Target Fire & Life Safety America
Sector Safety/Security
Investor(s) Blue Point Capital Partners
Twin Brook Capital Partners
Five Points Capital
Sellers(s) PNC Riverarch Capital
Deal Type Secondary Buyout

Target

Fire & Life Safety America

Richmond, Virginia, United States
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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Investor(S) 3

Investor

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $5 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.


DEAL STATS #
Overall 32 of 54
Sector: Safety/Security M&A 2 of 3
Type: Secondary Buyout M&A Deals 8 of 11
State: Virginia M&A 1 of 2
Country: United States M&A 29 of 50
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Trademark Global

Lorain, Ohio, United States

Trademark Global is a provider of high-quality, company-branded products to online retailers. Since the company’s inception, Trademark Global has been a market innovator, expanding its product set to over 80,000 SKUs across 28 product categories. Trademark Global was founded in 1999 and is based in Lorain, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 OrthoLite

Amherst, Massachusetts, United States

OrthoLite is a manufacturer of branded open cell foam insoles and other footwear components supplied to over 250 footwear brands. OrthoLite was established in 1997 and is headquartered in Amherst, Massachusetts.

Sell -
Investor
DESCRIPTION

Twin Brook Capital Partners is a provider of senior financing to small and mid-sized profitable companies. The Firm looks to offer a variety of credit and equity solutions including revolvers, senior loans, unitranche loans, mezzanine financing, and equity co-investment to US-based companies with $3 to $50 million in EBITDA. Target sectors include industrial, manufacturing, business services, financial services, insurance, aerospace/defense, distribution, healthcare, and software/tech enabled services. Twin Brook Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 26
Sector: Safety/Security M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 10
State: Virginia M&A 2 of 3
Country: United States M&A 2 of 25
Year: 2017 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Groundworks

Virginia Beach, Virginia, United States

Groundworks is a vertically integrated foundation services company that serves primarily the single-family residential market, providing a critical suite of services to homeowners that preserve home value, integrity, and safety, including foundation repair, basement waterproofing, crawl space repair and encapsulation, and concrete lifting. Groundworks was founded in 2016 and is based in Virginia Beach, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 SouthEast Eye Specialists

Chattanooga, Tennessee, United States

SouthEast Eye Specialists is a provider of medical and surgical eye care. Led by a team of highly trained, board-certified professionals, SouthEast Eye Specialists is committed to providing exceptional patient care including cataracts and advanced lens replacement, corneal disease, glaucoma, eye muscle disorders, eyelid abnormalities, laser vision correction surgery, retinal surgery, and pediatric eye care. SouthEast Eye Specialists was founded in 1999 and is based in Chattanooga, Tennessee.

Buy -
Investor

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 60 of 89
Sector: Safety/Security M&A 2 of 2
Type: Secondary Buyout M&A Deals 12 of 13
State: Virginia M&A 8 of 8
Country: United States M&A 60 of 89
Year: 2017 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 OutSolve

Metairie, Louisiana, United States

OutSolve provides HR compliance services including anti-discrimination analysis, compensation analysis, EEO-1 and VETS-4212 reports, and labor law posters. The company helps its diverse customer base manage complex federal, state, and local compliance requirements. OutSolve was founded in 1998 and is based in Metairie, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 TransGo

El Monte, California, United States

TransGo is a specialty manufacturer and designer of automotive transmission valve body parts that are used to repair faulty automatic transmissions. The Company’s products exclusively address automatic transmission valve bodies, one of the most technically complex parts of a transmission and a necessary component of nearly every transmission overhaul/repair. TransGo was formed in 1959 and is based in El Monte, California.

Buy -

Seller(S) 1

SELLER

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


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 6 of 18
Sector: Safety/Security M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 12
State: Virginia M&A 1 of 1
Country: United States M&A 6 of 16
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Dealer Source

Concord, Ontario, Canada

Dealer Source, Inc. is a channel support partner and provider of circuit breakers and related electrical components offering flexible, “need-it-now” product solutions exclusively to wholesale electrical distributors throughout Canada. Dealer Source is based in Concord, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Painters Supply

Taylor, Michigan, United States

Painters Supply is a distributor of automotive, industrial, and architectural coatings in the United States. PSE serves more than 4,000 customers, including collision repair shops, auto dealerships, fleet operators, and various other commercial and industrial accounts. Painters Supply was established in 1952 and is based in Taylor, Michigan.

Buy -