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Announced

Completed

HGGC completed the acquisition of Marmic Fire & Safety from Thompson Street Capital Partners.

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

Friendly

Majority

fire suppression installation

Fire inspection

Private

Private Equity

Single Bidder

Domestic

Completed

Acquisition

Security Services

Synopsis

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HGGC, a middle-market private equity firm, completed the acquisition of Marmic Fire & Safety, a full-service fire protection company, from Thompson Street Capital Partners, a St. Louis-based private equity firm. Financial terms were not disclosed. "This company was founded by my grandparents, and it was very important to me to work with a firm that understands and appreciates what a family business really means. HGGC's partnership approach made them a perfect fit to help us continue to identify and acquire other great fire protection companies to join the Marmic family. We thank TSCP for their supportive and collaborative partnership over the past two and a half years as we transformed the business through operational improvements and strategic M&A," Michael Teeter, Marmic CEO.

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