Announced
Completed
Synopsis
The Riverside Company, a global private investor focused on the smaller end of the middle market, completed the acquisition of Metro Fire Inspection and Maintenance, a fire protection company that offers maintenance, inspection, repair and violation and deficiency services. Financial terms were not disclosed. “Fire and life safety is a rapidly growing market. By adding Metro to the Relay portfolio, we open new opportunities for geographic expansion into the New York region, an area in critical need of reliable fire & life safety services. Under our hold and the Relay umbrella, we see numerous opportunities for sustained growth through operational improvements, service line expansions, new customer acquisitions and making complimentary add-on investments,” Loren Schlachet, Riverside Micro-Cap Fund Managing Partner.
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