Broomfield, CO, September 18, 2017 / Newswire / – Flatirons Capital Advisors, a leading mergers and acquisitions advisor to privately-held, middle-market companies is pleased to announce Audax Private Equity and its portfolio company, Academy Fire Life Safety, has acquired Metro State Fire.
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4 billion in 106 platform and 604 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.
Keith Wegen, President of Flatirons, noted that “Audax has been looking for add-on acquisitions in the commercial fire safety space and Metro State Fire turned out to be a great fit for operational and geographic expansion.”
Metro State Fire is a leading full-service, self-perform fire and life safety service provider. Headquartered in Denver, CO, Metro State Fire primarily services fire alarm and sprinkler systems for customers across various end markets.
Academy is a leading provider of fire and life safety services to national, regional, and local customers. Academy services national accounts through a vendor managed network and services regional/local customers through self-perform operations under the name of Impact Fire Services. Audax intends to work with Academy management to build a leading platform through organic growth initiatives and add-on acquisitions within the fragmented U.S. fire and life safety services market. Metro State Fire expands Academy’s self-perform footprint to Colorado.
About Flatirons Capital Advisors
Flatirons Capital Advisors, LLC is an investment banking firm that helps privately held companies sell their businesses and/or acquire other businesses.
For more information contact Keith Wegen.