TruArc Partners Completes Strategic Sale of AI Fire LLC
TruArc Partners Executes Sale of AI Fire
TruArc Partners, LP, a prominent private equity firm with a focus on the middle market, has successfully finalized the sale of AI Fire, LLC, a leading provider of commercial fire and life safety services. Although the financial terms of the transaction have not been disclosed, TruArc maintains an ownership stake in AI Fire after this strategic move.
Growth and Transformation Under TruArc
Since TruArc's acquisition of AI Fire in early 2021, the company has seen remarkable growth and transformation. The private equity firm has made significant investments aimed at empowering the management team to effectively implement a robust growth strategy. Throughout this period, the company expanded its reach significantly, enhancing its service capabilities and making vital investments in both infrastructure and human resources, culminating in the completion of 20 add-on acquisitions.
Leadership's Praise for Collaboration
Brandon Kiss, a Partner at TruArc, proudly stated, "We are incredibly proud of what the AI Fire team has accomplished during our ownership. The Company has achieved significant growth and continues to build a highly strategic fire protection services business. We wish the team and company continued success." This sentiment reflects the strong partnership and collaborative spirit established between TruArc and AI Fire.
Testimonials from AI Fire Leadership
Similarly, Mike Lloyd, the CEO of AI Fire, expressed his gratitude, stating, "TruArc has been a phenomenal partner to AI Fire over the last several years and has been instrumental in our growth and realizing our vision. We have greatly enjoyed our time working together." Such testimonials underscore the importance of strategic partnerships in achieving long-term success in the marketplace.
Role of Financial and Legal Advisors
As part of the transaction process, Piper Sandler & Co. acted as the financial advisor to AI Fire, while Weil, Gotshal & Manges LLP provided legal counsel. Their expertise has played a crucial role in facilitating a smooth transition during this significant sale.
Understanding AI Fire's Operations
AI Fire operates as a prominent fire and life safety service provider, catering to a diverse clientele that includes national accounts powered by a vast network of vendor partners, along with local and regional customers through its self-performing technicians. The company's range of services encompasses routine inspections, repair services, as well as system installations and retrofits tailored for various sectors, including retail, healthcare, industrial, and educational fields. Established in 2009, AI Fire boasts over 40 district offices across multiple states, reinforcing its capacity to serve clients effectively.
Commitment to Quality Services
With an unwavering commitment to quality service and customer satisfaction, AI Fire has made a name for itself in the safety services industry. Its comprehensive approach ensures that businesses across different sectors can rely on AI Fire for their fire protection needs.
About TruArc Partners
TruArc Partners stands out as a private equity firm that emphasizes middle-market control investments. The firm specializes in attractive sub-sectors such as specialty manufacturing and business services, working closely with operating partners and portfolio management teams. Through a transformative growth strategy that may include organic growth as well as acquisition-driven development, TruArc aims to create substantial value across its investment portfolio. For those interested in learning more about the firm, TruArc provides detailed insights into their investment philosophy and successful portfolio management on their official website.
Frequently Asked Questions
What was the main focus of TruArc Partners in the sale of AI Fire?
TruArc aimed to complete a successful sale while retaining an ownership stake to support the company's ongoing growth.
What investments did TruArc make in AI Fire?
TruArc made substantial investments in AI Fire to enhance its capabilities, expanding its geographic footprint and supporting its management team.
What services does AI Fire provide?
AI Fire offers fire and life safety services including inspections, repairs, and system installations across various commercial sectors.
Who were the advisors in the sale process?
Piper Sandler & Co. acted as the financial advisor and Weil, Gotshal & Manges LLP provided legal counsel during the sale.
When was AI Fire founded?
AI Fire was founded in 2009 and has expanded to have over 40 offices across numerous states.
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