Marmic Fire & Safety Co, a portfolio company of Thompson Street Capital Partners, has acquired Charlotte, North Carolina-based Fire Control Systems of Charlotte, a provider of commercial fire protection services. No financial terms were disclosed.
ST. LOUIS (December 5, 2019) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, MO, announced today that its portfolio company Marmic Fire & Safety Co. (Marmic) has acquired Charlotte, North Carolina-based Fire Control Systems of Charlotte (FCS), a provider of commercial fire protection services. Terms of the transaction were not disclosed. This is the fifth add-on acquisition completed by Marmic since partnering with TSCP in August 2018.
FCS (www.firecontrolsystems.biz) specializes in testing, inspections, service, and sales of portable fire extinguishers, alarm systems, restaurant fire suppression systems, and exit and emergency lighting fixtures. FCS services thousands of locations across the eastern half of the United States.
According to Michael Teeter, Marmic CEO, “This is a large, transformative acquisition that nearly doubles our geographic footprint across the country, making Marmic one of the largest self-performing companies in the fire safety industry. We are excited to partner with the FCS team and work with them to continue their success.”
About Thompson Street Capital Partners
Thompson Street Capital Partners (www.tscp.com) is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses in the healthcare and life science services, software and technology services, and business services and engineered products sectors. Founded in 2000, the firm has acquired more than 100 companies and has managed more than $2.6 billion in equity. TSCP partners with management teams to increase value by accelerating growth, both organically and via acquisitions.