M&A Deal Summary

Summit Companies Acquires Republic Fire Protection

On July 7, 2021, Summit Companies acquired safety/security company Republic Fire Protection from Peninsula Capital Partners and Lincoln Road Global Management

Acquisition Highlights
  • This is Summit Companies’ 21st transaction in the Safety/Security sector.
  • This is Summit Companies’ 22nd transaction in the United States.
  • This is Summit Companies’ 2nd transaction in Florida.

M&A Deal Summary
Date 2021-07-07
Target Republic Fire Protection
Sector Safety/Security
Buyer(s) Summit Companies
Sellers(s) Peninsula Capital Partners
Lincoln Road Global Management
Deal Type Add-on Acquisition

Target

Republic Fire Protection

Fort Myers, Florida, United States
Republic Fire Protection provides fire extinguishers, fire extinguisher inspection services, emergency lighting, fire sprinkler sales & service, & fire protection equipment to the Southeast. Republic Fire Protection is based in Fort Myers, Florida.

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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 22 of 24
Sector (Safety/Security) 21 of 23
Type (Add-on Acquisition) 22 of 24
State (Florida) 2 of 2
Country (United States) 22 of 24
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Fire Ranger

Fort Lauderdal, Florida, United States

Fire Ranger is a supplier of fire and safety equipment services to commercial, residential, and marine customers. Fire Ranger was founded in 1989 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 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.

Buy -

Seller(S) 2

SELLER

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.

DEAL STATS #
Overall 43 of 47
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 21 of 23
State (Florida) 1 of 2
Country (United States) 40 of 44
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Escapology

Orlando, Florida, United States

Escapology is an operator/franchisor of escape room venues. An escape room is an entertainment experience in which a team of players discover clues, solve puzzles and complete tasks in order to progress through the room and ultimately “escape”. Each escape room is a highly stylized, themed experience, such as a train car or stately manor, making the game experience more engaging and memorable. The Company operates under a model which combines corporate-owned venues with a global franchise network.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Strolleria

Scottsdale, Arizona, United States

Strolleria is a multi-channel retailer of high-end baby gear. Strolleria sells high-end baby gear products such as strollers, car seats, high chairs, playards, and related accessories. Strolleria was founded in 2016 and is based in Scottsdale, Arizona.

Buy -
SELLER

Lincoln Road Global Management

Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Lincoln Road Global Management LLC is a private investment firm focused on investing in companies generating sales of $20 to $150 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, divestitures, and recapitalizations. Sectors of interest include manufacturing, transportation, distribution, chemicals, paper and packaging, building products, consumer services, retail, food and beverage, packaged goods, restaurants, healthcare, and energy. Lincoln Road was founded in 2015 and is based in Miami, Florida.

DEAL STATS #
Overall 1 of 2
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Brothers National

Manassas, Virginia, United States

Brothers National is an operator of a premier asphalt, concrete and paving company. Brothers National was founded in 1985 and is based in Manassas, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 Brothers National

Manassas, Virginia, United States

Brothers National is an operator of a premier asphalt, concrete and paving company. Brothers National was founded in 1985 and is based in Manassas, Virginia.

Sell -
Mergr

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