Summit Cos., a fire and life safety company based in St. Paul, Minn., today announced it has completed the acquisition of five Michigan-based fire and life safety businesses.
The acquisitions include Clark Fire & Safety (Owosso); Mid-Michigan Fire and Safety Supply (Greenville); VanEx Fire Systems (Luna Pier); Fire Extinguisher Services (Battle Creek); and Flametamer Fire Protection (Paw Paw). The deal represents a strategic geographic expansion of Summit’s existing fire protection, life safety, and consulting business.
Summit Companies has locations in Arizona, Iowa, Michigan, Minnesota, Nebraska, Nevada, North Dakota, and Wisconsin, and provides its services across the United States.
In July, Summit Cos. first expanded into Michigan with the purchase of two Michigan branch offices of Indianapolis-based Koorsen Fire and Security. The offices, located in northern and central Michigan, were independent, long-standing fire protection companies prior to their acquisition by Koorsen.
“The expansion throughout Michigan reflects the execution of Summit’s national growth strategy and our company’s focus on acquiring strong legacy businesses with successful operating histories,” says Jeff Evrard, CEO of Summit. “We are thrilled to gain the many combined years of professional experience and expertise of these businesses, and to offer their customers a broader range of fire and life safety products and services.”
Summit has expertise in fire extinguishers, extinguishing agents, pre-engineered kitchens, industrial and vehicle suppression systems, special hazard suppression systems, fire sprinkler systems, fire alarm systems, and security monitoring systems.
The company is also engaged in the practice of fire protection engineering and risk management consultancy. Summit is owned by management and CI Capital Partners, a New York-based private equity investment firm that has invested in middle-market companies since 1993. The firm and its portfolio companies have made over 300 acquisitions representing over $9 billion in enterprise value.
“Having now completed 18 add-on acquisitions under CI Capital’s ownership, Jeff and the Summit management team have expanded the company’s geographic coverage and strengthened its service offerings and revenue mix,” said Timothy Hall, managing director of CI Capital Partners. “We look forward to continuing to support Summit’s growth.”