CHARLOTTE, N.C., Feb. 22, 2017 (GLOBE NEWSWIRE) -- Blue Point Capital Partners announced today the acquisition of its seventh Blue Point III platform investment, Fire & Life Safety America (“FLSA”), a leading provider of fire and life safety system inspection, maintenance, repair and installation services.
“Blue Point has a proven track record of investing in business-to-business service models and developing growing businesses into national leaders; FLSA is an ideal platform for the firm,” said Juli Marley, a Partner with Blue Point. “We are thrilled to partner with this talented management team and support their efforts to expand the service segment, green field new locations and identify strategic acquisitions.”
With over 20 years of knowledge and expertise, FLSA offers its customers a comprehensive suite of service capabilities for fire systems and products, including fire alarms, sprinkler systems, fire pumps, pipe/hose systems, fire extinguishers, kitchen hood suppression and emergency and exit signs. The Company’s services are each performed in accordance with federal, state and local mandates.
“The integrity and maintenance of fire and life safety systems is of paramount importance to FLSA’s customer base,” said Brian Castleberry, a Principal with Blue Point. “We envision combining FLSA’s experience servicing and installing the most technically complex fire and life safety systems with data management and communication systems that continue to set FLSA apart from its competitors in the market.”
Tom York, Chief Executive Officer of FLSA, said, “FLSA's combination of technical expertise and training, experience and scale enables us to reach our goal of providing the highest quality fire protection services possible to protect lives and property. We are excited to leverage Blue Point’s relevant experience and proven resources to help drive the Company’s future growth.”
Fire & Life Safety America (www.flsamerica.com), founded in 1997, is headquartered in Richmond, VA, and one of the nation’s largest fire and life safety services providers. FLSA serves a diverse base of recurring inspection and monitoring accounts and has been recognized in the fire and life safety industry for maintaining excellence through rapid growth and development. FLSA services customers from fifteen branch locations in the mid-Atlantic and southeastern United States, as well as an established national partner network.
Blue Point Capital Partners (www.bluepointcapital.com) is a private equity firm managing over $800 million in committed capital. With offices in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors, while providing the resources of an international firm. The Blue Point group has a 26-year track record of partnering with companies in the lower middle market to facilitate growth and transformative change. It is one of only a few middle market private equity firms with a presence in both the United States and China, which provides a distinct advantage for its portfolio companies. Blue Point typically invests in manufacturing, distribution and service businesses generating between $20 million and $200 million in revenue.