AI Fire Acquires Kennebec Fire Equipment

AI Fire has acquired Kennebec Fire Equipment, a supplier of fire protection equipment based in Winslow, Maine. This represents AI Fire's 6th transaction in the Safety/Security sector and its first acquisition in Maine.

About Kennebec Fire Equipment

Kennebec Fire Equipment is a supplier of fire protection equipment based in Winslow, Maine. The company's product line includes:

• Amerex Hand Portable Fire Extinguishers
• Guardian Fire Systems
• ADX Automatic Fire Extinguishers
• Amerex Wheeled Extinguishers
• Brackets & Cabinets
• Safety Signage

Location: Winslow, Maine, United States

About AI Fire

AI Fire provides fire and life safety services, including inspection, service, customized work orders, and installation for fire alarms, sprinklers, fire extinguishers, and other fire suppression systems. AI Fire was founded in 2009 and is based in Long Beach, California.

AI Fire is a portfolio company of Audax Private Equity.

Deal Context

| Metric | Detail | |--------|--------| | Date | July 9, 2020 | | Deal Type | Add-on Acquisition | | Sector | Safety/Security | | This is AI Fire's... | 6th transaction overall | | | 6th in Safety/Security | | | 1st in Maine |

About Flatirons Capital Advisors

Flatirons Capital Advisors, LLC (www.flatironscap.com) is a Mergers and Acquisitions advisory firm that helps privately held companies sell their businesses and acquire other businesses. Our unique business model affords sell-side advisory clients the ability to improve their company's performance, earnings, and effectiveness in the short-term, while simultaneously increasing their market value for a future sale. Flatirons has offices in Colorado, Florida, Illinois, and Texas.