Gryphon Investors, a San Francisco-based private equity firm, announced today that a subsidiary of its portfolio company, Consolidated Fire Protection, LLC (“CFP”), has acquired the assets of Phoenix, AZ-based Arizona Fire, a major provider of commercial fire alarm and detection systems in Arizona. Terms were not disclosed.
CFP, based in Irvine, California, is the largest independently-owned fire and life safety services company in the United States. The company’s Cosco and Firetrol subsidiaries offer design, installation, inspection, repair and service of fire safety systems to protect life and property for commercial, industrial, and institutional customers. Arizona Fire is the second acquisition for CFP since the start of the year.
The Arizona Fire assets will form the foundation for a new Firetrol District Office in Phoenix. Former Arizona Fire owners Colby Windle and John Bahamonde will oversee integration and will continue to manage Firetrol’s Arizona operations as employees of Firetrol.
Gryphon anticipates that CFP will continue to benefit from such favorable macro trends as increased construction spending and a strong focus on the fire and life safety (FLS) sector. The acquisition of Arizona Fire will build on these strong industry dynamics by further expanding CFP’s footprint in the alarm and detection segment and introducing the company to a new, vibrant geographic area.
John White, Firetrol President, said, “For the past several years, Firetrol has been rapidly expanding into new markets with great success. The addition of Arizona Fire’s assets will allow this growth trend to continue, reinforcing CFP as the premier provider of fire and life safety services in the country.”
About Gryphon Investors
Based in San Francisco, Gryphon Investors focuses on leveraged acquisitions of, and growth investments in, middle-market companies in partnership with experienced management. Having managed more than $1 billion of discretionary equity capital, Gryphon has an extensive track record of investing $25 to $75 million of its own capital in companies with sales ranging from $25 to $250 million. Gryphon prioritizes investment opportunities where it can form proactive partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, professional resources and significant financial and operational expertise. Visit www.gryphoninvestors.com for more information.
- Caroline Luz
- Owen Blicksilver Public Relations, Inc.