For private equity firms, the fire and life safety services sector offers both recession resilience and fragmentation, making it ripe for consolidation, despite the recent dealmaking downturn.
One of the most active private equity investors in this sector has been the Riverside Company, whose portfolio company Performance Systems Integration, a provider of fire and life safety services based in Portland, Oregon, has been acquiring a host of add-ons since the New York City-based PE firm acquired it in 2019.
