M&A Deal Summary

TruArc Partners Acquires AI Fire

On March 23, 2021, private equity firm TruArc Partners acquired safety/security company AI Fire from Audax Private Equity

Acquisition Highlights
  • This is TruArc Partners’ 2nd transaction in the Safety/Security sector.
  • This is TruArc Partners’ 27th transaction in the United States.
  • This is TruArc Partners’ 5th transaction in California.

M&A Deal Summary
Date 2021-03-23
Target AI Fire
Sector Safety/Security
Buyer(s) TruArc Partners
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Kirkland & Ellis
Goulston & Storrs (Legal)

Target

AI Fire

Long Beach, California, United States
AI Fire is a provider of fire and life safety services, including inspection, service, customized work orders, and installation for fire alarms, sprinklers, fire extinguishers, and other fire suppression systems. AI Fire was founded in 2009 and is based in Long Beach, California.

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Buyer(S) 1

Buyer

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York City.

DEAL STATS #
Overall 27 of 33
Sector (Safety/Security) 2 of 3
Type (Secondary Buyout) 16 of 17
State (California) 5 of 6
Country (United States) 27 of 32
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Northwinds Services Group

Rochester, New York, United States

Northwinds Services Group provides HVAC, plumbing and other residential and commercial services in multiple US regions. Northwinds Services Group is based in Rochester, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 DecoPac

Anoka, Minnesota, United States

DecoPac is a provider of cake decorations to professional cake decorators and bakeries. DecoPac's proprietary technologies and extensive portfolio of licenses allows customers to provide customized baked goods with short turnaround times, while in-store kiosks and online ordering software make it easy for consumers to order cakes anytime and anywhere. DecoPac was established in 1982 and is based in Anoka, Minnesota.

Sell -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 79 of 102
Sector (Safety/Security) 4 of 4
Type (Secondary Buyout) 45 of 55
State (California) 5 of 8
Country (United States) 76 of 97
Year (2021) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Altasciences

Laval, Quebec, Canada

Altasciences is a forward-thinking, mid-sized contract research organization offering pharmaceutical and biotechnology companies a proven, flexible approach to preclinical and clinical pharmacology studies, including formulation, manufacturing, and analytical services. Altasciences was founded in 1992 and is based in Laval, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Corsearch

London, United Kingdom

Corsearch is a player in the brand risk and performance market, serving over 5,000 clients across multiple industries. Corsearch Brand Risk and Performance solutions are revolutionizing how companies commercialize and protect their growth. Corsearch delivers data, analytics, and services that support brands to market their assets and reduce commercial risks. From IP clearance to brand protection and anti-piracy, Corsearch provides a comprehensive program that Press Release 2/2 enables businesses to secure brand value and thrive commercially. Corsearch was founded in 1949 and is based in London, United Kingdom.

Sell -
Mergr

Product

Company

Legal