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New Deal


Announced

Completed

CI Capital Partners-backed Summit Companies completed the acquisition of Farmington Fire Equipment, Bay Line Fire Protection and Byrd's Fire Protection.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

fire protection

Private Equity

Equipment Rental

Friendly

Acquisition

Private

Security Services

Majority

Domestic

Completed

Synopsis

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CI Capital Partners-backed Summit Companies, a premier fire and life safety company, completed the acquisition of tree fire protection companies Farmington Fire Equipment, Bay Line Fire Protection and Byrd's Fire Protection. Financial terms were not disclosed. "We are very proud to welcome the teams from Bay Line Fire Protection, Byrd's Fire Protection, and Farmington Fire Equipment to Summit. Each of these businesses is comprised of well-respected experts in their territories who share Summit's commitment to providing excellent customer service. With these acquisitions and our upgraded online presence, Summit furthers its goal of providing more complete service offerings and ease of access to local and national customers," Jeff Evrard, Summit Companies CEO.

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