Industry Update: Fire Prevention
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Fire Prevention industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- The fire and life safety market has experienced, and is expected to continue realizing, outsized growth. This growth can be attributed to increased building activities (both new structures requiring new systems and the repair/replacement of existing infrastructure and technologies and adoption of advancements in technologies to prevent, detect, and respond to fire and life safety related incidents. The industry outlook is supporting secular growth trends, while a $10 billion+ market size provides opportunities for platforms to accelerate growth through M&A. Key focus areas for strategic and sponsor backed acquisitions continue to focus on additional service lines, new geographic regions, expanding technological capabilities, and regulatory drivers.
- On May 20, 2022 Pye-Barker Fire & Safety, an Atlanta, Georgia-based provider of fire and life safety protection services backed by Leonard Green & Partners, acquired Paradise Fire Protection, a Logan, Utah-based company that specializes in installation, inspection, testing and maintenance of fire alarms, sprinklers, and extinguishers. The purchase strengthens Pye-Barker’s presence in Utah and expands its market density in the suburban communities north of Salt Lake City
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