Lincoln Road and Peninsula Capital acquire Fire Equipment of Florida

Lincoln Road Global Management and Peninsula Capital Partners LLC have acquired Fire Equipment Company of Florida Inc as an add-on to their Republic Fire Protection Inc platform.

Lincoln Road Global Management and Peninsula Capital Partners LLC have acquired Fire Equipment Company of Florida Inc as an add-on to their Republic Fire Protection Inc platform. No financial terms were disclosed. Fire Equipment Company of Florida Inc is a provider of fire extinguishers and fire suppression systems.

PRESS RELEASE

Miami – August 11, 2020 – Lincoln Road Global Management, LLC (“Lincoln Road”), a private equity firm focused on lower middle market businesses, and Peninsula Capital Partners LLC. (“Peninsula”) today announced that through an affiliate they have partnered with Florida-based Fire Equipment Company of Florida, Inc., which is engaged in the business of selling, inspecting and servicing fire extinguishers and fire suppression systems. The Company joins the Republic Fire Protection, Inc., (“Republic”) platform.

This partnership is the fifth addition to the Republic family in the last 2 years, and highlights a period of strong growth and momentum for Lincoln Road. Republic previously announced partnerships with Gold Coast Fire Protection, Florida Fire Systems, Aegis Fire & Integrated Services, Pro-Tec Fire Protection and now Fire Equipment Company of Florida. Altogether, Republic now provides market leading regional coverage throughout Florida, Georgia and neighboring states. Republic is actively seeking to expand the platform with the goal of providing best-in-class fire safety services throughout the Southeast.

“We are proud of the success that we have had thus far in building the Republic platform,” said Jeff Magny, Founder and Managing Partner of Lincoln Road. “We look forward to continued expansion in the Southeast.”

Republic was formed to invest in fire safety companies throughout the U.S. with a current focus in the Southeast. Its model is differentiated in that it seeks to partner with owners of fire safety companies who want to create some liquidity but still enjoy running their businesses. The partner companies maintain their name, autonomy and their team.

Partners/owners get the best of both worlds: a high level of independence in running their business and the benefits of being part of a larger organization and share in the additional value created.

About Lincoln Road Global Management
Lincoln Road is a private equity firm that invests in leading lower middle market business services, industrial, and consumer companies. Lincoln Road has deep operational experience, emphasizes collaboration and works closely with management teams. Together we are able to help companies unlock their next phase of growth. Please visit www.lincolnroadmgmt.com for more information.

About Peninsula Capital Partners
Peninsula Capital Partners is an investment company specializing in providing junior capital, including subordinated debt, preferred stock or common stock, either as a minority or control investor, to superior middle-market companies. Please visit www.peninsulafunds.com for more information.

About Republic
Republic Fire Protection is a full-service company providing all fire safety and protection needs including, but not limited to, fire extinguishers, emergency and exit lighting, fire sprinkler systems, kitchen and industrial fire suppression systems, and fire alarm systems and monitoring. For the last 40 years, the companies of Republic Fire Protection have been providing customers with best-in-class service.