AI Fire, a portfolio company of Audax Private Equity, has acquired Tewksbury, Massachusetts-based Hoodco, a provider of fire protection systems.
Audax Private Equity portfolio company, AI Fire, acquires Hoodco Systems Inc.
Hoodco Systems Inc (“Hoodco”) is a leading provider of fire protection systems across Massachusetts. Based in Tewksbury, MA, Hoodco specializes in installation, inspection, and maintenance & repair of kitchen exhaust and fire suppression systems for the restaurant industry.
AI Fire, a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Hoodco, representing the company’s seventh acquisition since Audax’ investment.
In April 2017, Audax partnered with AI Fire, a leading provider of fire and life safety services to national, regional and local customers. Under the name “Academy”, AI Fire services national accounts through a vendor managed network; under the name “Impact Fire Services”, AI Fire services regional/local customers through self-perform operations. Audax intends to work with AI Fire management to build a leading platform through organic growth initiatives and add-on acquisitions within the fragmented U.S. fire and life safety services market. Hoodco expands AI Fire’s self-perform footprint in the Northeast.