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.

Read the full report: Fire Prevention: October 2020

October 2020 Industry Highlights

  • On October 6, 2020, Pi Group Inc., a Twin Cities corporation that operates dozens of smaller companies in fields like specialty construction and safety, announced $300 million in acquisitions. The largest acquisition was SK FireSafety Group, a Dutch company that offers firefighting and other safety services to businesses in Europe.
  • On August 5, 2020, Johnson Controls, the industrial and safety services conglomerate, announced that it had acquired a remaining stake in Qolsys Inc, a San Jose, California-based residential and commercial security and smart-home manufacturer. Financial terms and conditions weren’t disclosed. The acquisition will help Johnson Controls to achieve operational efficiencies and scale across its global markets and enhance the suite of products and services offered.
  • On July 9, 2020, AI Fire, a Long Beach, California-based provider of fire and life safety services and a portfolio company of Audax Private Equity, has acquired Kennebec Fire Equipment, Inc. Kennebec Fire Equipment, founded in 1987 and based in Winslow, Maine, provides fire safety and firefighting equipment distribution and services. In April 2017, Audax partnered with AI Fire and intended to work with AI Fire management to build a leading platform through organic growth initiatives and add-on acquisitions.
  • Read the full October 2020 Fire Prevention Industry Report.

Past Industry Updates:

Fire Prevention: July 2020

Fire Prevention: May 2020

Fire Prevention: December 2019

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