M&A Deal Summary

Summit Companies Acquires Koorsen Fire & Security

On July 10, 2018, Summit Companies acquired safety/security company Koorsen Fire & Security

Acquisition Highlights
  • This is Summit Companies’ 2nd transaction in the Safety/Security sector.
  • This is Summit Companies’ 3rd transaction in the United States.
  • This is Summit Companies’ 1st transaction in Indiana.

M&A Deal Summary
Date 2018-07-10
Target Koorsen Fire & Security
Sector Safety/Security
Buyer(s) Summit Companies
Deal Type Add-on Acquisition

Target

Koorsen Fire & Security

Indianapolis, Indiana, United States
Koorsen Fire & Security, Inc. design, install, program, service, and repair virtually all fire and security products for any size business. Koorsen Fire & Security was founded in 1946 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Summit Companies

Mendota Heights, Minnesota, United States
Category Company
Founded 1999
Sector Business Services
DESCRIPTION

Summit Companies is a provider of fire and life safety service and installation company. Summit's end-to-end capabilities include inspection, testing and monitoring, service and repair, installation, and consulting services for fire protection, life safety, and security systems. Summit Companies was established in 1999 and is based in Mendota Heights, Minnesota.

DEAL STATS #
Overall 3 of 24
Sector (Safety/Security) 2 of 23
Type (Add-on Acquisition) 3 of 24
State (Indiana) 1 of 1
Country (United States) 3 of 24
Year (2018) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-19 Alliance Fire Protection

Tempe, Arizona, United States

Alliance Fire Protection Co. is a designer, engineer and installs commercial, industrial and multi-family residential fire protection systems for new construction projects and renovations, and provides ongoing maintenance and inspection services of these systems. Alliance Fire Protection Co. was founded in 1981 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Summit Fire & Security

Reno, Nevada, United States

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.

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