Snow Phipps Group has completed its acquisition of AI Fire LLC, a national provider of fire protection services, from Audax Private Equity. The company provides inspection, maintenance, repair, and installation of portable fire extinguishers, fire sprinklers, fire alarms and emergency lighting to national chains and the healthcare, industrial, education, commercial and hospitality industries.
“AI Fire is a unique services business that is poised for significant growth in the attractive fire protection services industry,” said Brandon Kiss, partner at Snow Phipps. “We look forward to building on the company’s strong reputation and market position, and to growing the business both organically and through highly strategic acquisitions.”
“We are very excited to be partnering with Snow Phipps. They bring significant expertise in the commercial and industrial services industries and are an ideal partner for our next stage of growth,” added Michael Lloyd, AI Fire CEO.
Raymond James served as financial advisor and Weil, Gotshal & Manges LLP served as legal counsel to Snow Phipps for the transaction.