Lincoln Road and Peninsula Capital Partners have made an investment in Jacksonville, Florida-based Aegis Fire & Integrated Services, a provider of fire extinguishers, suppression, sprinkler and alarm systems. No financial terms were disclosed.
Miami – October 29, 2019 – 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 Jacksonville, Florida-based Aegis Fire & Integrated Services (“Aegis”), an installer and servicer of fire extinguishers, suppression, sprinkler and alarm systems. Aegis will be part of the Republic Fire Protection, Inc. platform.
Republic Fire Protection 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.
“We see enormous opportunity in partnering with Aegis, as we continue to grow the Republic Fire Protection platform,” said Jeff Magny, Founder and Managing Partner of Lincoln Road. “By partnering with regional industry leaders like Aegis’s President, Allen Andone, we are able to provide additional resources and our operational expertise to help Aegis achieve its full potential.”
Andone will continue as President of Aegis overseeing its operations. His decades of experience and that of his team will be invaluable as Republic Fire Protection expands its presence in the Southeast.
This is the second such partnership for Republic Fire Protection in the last 10 months. Its member companies currently include Aegis and Pro-Tec Fire Protection in Loganville, Georgia, and with this partnership, regional coverage now includes Florida, Georgia and neighboring states. Republic Fire Protection is actively seeking to expand the platform with the goal of providing best-in-class fire safety services throughout the Southeast.
About Lincoln Road Global Management
Lincoln Road is a private equity firm that invests in leading lower middle market industrial, consumer, and business services 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.
Republic Fire Protection is a full-service provider of a complete range of fire safety and fire 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. For the last 40 years, the companies of Republic Fire Protection have been providing the Southeast with best-in-class service.