Audax-backed AI Fire buys Legacy Fire Protection

Al Fire, which is backed by Audax Private Equity, has acquired Massachusetts and Connecticut-based Legacy Fire Protection, a provider of fire sprinkler services.

Al Fire, which is backed by Audax Private Equity, has acquired Massachusetts and Connecticut-based Legacy Fire Protection, a provider of fire sprinkler services. No financial terms were disclosed.

PRESS RELEASE

Audax Private Equity portfolio company, AI Fire, acquires Legacy Fire Protection

The Company
Legacy Fire Protection (“Legacy”) is a leading provider of fire sprinkler services in Massachusetts and Connecticut. Founded in 2011 in Ludlow, MA, Legacy is a full-service fire sprinkler company, offering design, installation, retrofit, and inspection of all types of fire protection sprinkler systems for commercial customers.

The Deal
AI Fire, a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Legacy Fire Protection, representing the company’s 11th 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. Under the name “Academy”, AI Fire services national accounts through a vendor managed network; under the name “Impact Fire Services”, AI Fire services regional and local customers through self-perform operations. Audax is working 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. Legacy expands AI Fire’s self-perform footprint in the Northeast and adds to its sprinkler service capabilities.