PE-backed Al Fire buys FireProTec


Al Fire, a portfolio company of Audax Private Equity, has acquired Colchester, Vermont-based FireProTec, a provider of clean agent, kitchen equipment and fire extinguisher servicing. No financial terms were disclosed.

PRESS RELEASE

Queen City Fire Equipment, Inc. (“FireProTec”) is a leading provider of fire protection services across Vermont, New Hampshire, and Northern New York. Headquartered in Colchester, VT, FireProTec primarily offers clean agent, kitchen equipment, and fire extinguisher servicing, for customers across various end markets including schools, hospitals, and industrials.

THE DEAL
AI Fire, a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of FireProTec, representing the company’s fourth acquisition since Audax’ investment.

THE THESIS
In April 2017, Audax partnered with AI Fire, a leading provider of fire and life safety services to national, regional and local customers. AI Fire offers national account services via its vendor network at Academy Fire and serves local and regional customers through its self-perform operation, Impact Fire. Audax intends to support the AI Fire management team as they build a leading platform through organic growth initiatives and add-on acquisitions within the fragmented U.S. fire and life safety services market. FireProTec expands AI Fire’s self-perform footprint in the Northeast.

ABOUT AUDAX PRIVATE EQUITY
Please see www.audaxprivateequity.com/portfolio/investments for a full list of platform acquistions. A full list of transactions will be provided upon request.

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