Announced
Completed
Financials
Tags
Security Equipment
fire systems
Domestic
Completed
United States
Acquisition
Private Equity
Private
Friendly
Majority
Single Bidder
Synopsis
Riverside, an investment firm, completed the acquisition of American Service Company, an alarm system company, and Advanced Fire Protection Systems, a fire protection service. Financial terms were not disclosed. "Fire and life safety is a rapidly growing market, and the combined business is well-positioned to meet the ever-growing needs of the industry. During our partnership, we plan to invest in sales and marketing resources to enhance the organizations’ already-extensive customer base while extending service offerings that will address the compliance needs of new and existing customers," Loren Schlachet, Riverside Managing Partner.
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