M&A Deal Summary

Pye-Barker Fire & Safety Acquires Rapid Fire Protection

On July 20, 2021, Pye-Barker Fire & Safety acquired safety/security company Rapid Fire Protection from Boyne Capital Partners and Capitala Group

Acquisition Highlights
  • This is Pye-Barker Fire & Safety’s 13th transaction in the Safety/Security sector.
  • This is Pye-Barker Fire & Safety’s 13th transaction in the United States.
  • This is Pye-Barker Fire & Safety’s 1st transaction in South Dakota.

M&A Deal Summary

Date 2021-07-20
Target Rapid Fire Protection
Sector Safety/Security
Buyer(s) Pye-Barker Fire & Safety
Sellers(s) Boyne Capital Partners
Capitala Group
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Rapid Fire Protection

Rapid City, South Dakota, United States
Rapid Fire Protection is a full-service fire protection solutions firm specializing in the design, installation, inspection, testing, and maintenance of fire suppression and alarm systems across the Midwestern and Western U.S. Rapid Fire Protection is based in Rapid City, South Dakota.

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Buyer(S) 1

Buyer

Pye-Barker Fire & Safety

Alpharetta, Georgia, United States

Category Company
Founded 1946
Sector Safety/Security
DESCRIPTION

Pye-Barker Fire & Safety is a provider of route-based fire protection services, including monitoring, inspection, maintenance and repair of fire detection and suppression products. Pye-Barker Fire & Safety was formed in1946 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 13 of 77
Sector (Safety/Security) 13 of 75
Type (Add-on Acquisition) 13 of 76
State (South Dakota) 1 of 2
Country (United States) 13 of 77
Year (2021) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 Total LifeSafety

Jensen Beach, Florida, United States

Total LifeSafety is a full-service life safety company that specializes in the installation & monitoring of fire alarm & fire sprinkler systems. Total LifeSafety was founded in 2012 and is based in Jensen Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Naples Fire Protection

Bonita Springs, Florida, United States

Naples Fire Protection is a full-service fire sprinkler and fire alarm company that offers a full line of fire protection services for our customers. Naples Fire Protection was founded in 1997 and is based in Bonita Springs, Florida.

Buy -

Seller(S) 2

SELLER

Boyne Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Boyne Capital Partners is a Florida-based investment group focused on smaller businesses with at least $2 million in cash-flow. Boyne targets companies in the US and Canada. Sectors of interest include niche manufacturing, specialty services (IT, healthcare, financial), value-added distribution, wastewater, 'next generation' energy, and restaurants. Boyne prefers control positions and will consider a variety of transaction situation, including buyouts, recapitalizations, divestitures, add-on acquisitions, and growth financings. Boyne was formed in 2006 and is based in Miami.


DEAL STATS #
Overall 6 of 7
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (South Dakota) 1 of 1
Country (United States) 6 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Masters Building Products

Fort Lauderdale, Florida, United States

Masters Building Products is a building products development, manufacturing, and distribution company. Masters uses eco-friendly materials in its products, offering over 100 flooring styles between interior and exterior applications, over 500 molding products that include decorative trims and transitions moldings, 25 installation products, and more than 30 outdoor products such as siding, decking, turf, and pavers. Masters Building Products was founded in 2006 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Sonic Systems

Houston, Texas, United States

Sonic Systems is a provider of mission-critical support services to the commercial nuclear power industry. The company's highly skilled workforce of nuclear-certified technicians provides a range of services including non-destructive evaluation, QA/QC, refueling/reactor maintenance, engineering, and project management. Sonic Systems was formed in 1977 and is based in Houston, Texas.

Buy -
SELLER

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 46 of 53
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 15 of 17
State (South Dakota) 1 of 1
Country (United States) 45 of 52
Year (2021) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 PEOPLEASE

Mount Pleasant, South Carolina, United States

PEOPLEASE is a full-service professional employer organization Small-to-medium-sized businesses, rapid-growth companies, and established enterprise operations alike benefit from PEOPLEASE ’s large employee base with customized yet cost-effective solutions for payroll, human resources, benefits, tax, and finance administration, safety, and risk management. PEOPLEASE was founded in 1994 and headquartered in Mount Pleasant, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Sparus

Peachtree Corners, Georgia, United States

Sparus is a provider of outsourced utility field services and project management outsourcing services through its wholly-owned subsidiaries, Southern Cross Corporation and The Spear Group. Sparus was founded in 1946 and is based in Peachtree Corners, Georgia.

Sell -