Private Equity Firm Acquires Fire Suppression Specialist KiddeFenwal
Pacific Avenue Capital Partners closed on its acquisition of KiddeFenwal, a manufacturer of industrial and commercial fire suppression systems and safety controls. The deal positions KiddeFenwal for substantial growth while allowing it to further expand its market share, both in the United States and globally, according to an announcement.
KiddeFenwal operates through two distinct market brands, Kidde Fire Systems (KFS) and Fenwal Controls. KFS produces highly engineered fire suppression, detection and control systems in the industrial, commercial and marine end markets. Fenwal serves OEMs in diverse end markets with products for gas ignition, temperature control, and fire and overheat detection
Under the ownership of Pacific Avenue, a Los Angeles-based private equity firm, KiddeFenwal will sharpen its focus on serving a growing, diversified customer and end-user base. Additionally, it will accelerate product competitiveness and innovation, expanding and enhancing its proprietary, fully certified offerings as regulatory bodies drive transitions to more environmentally friendly solutions in industries spanning power generation / transmission, data centers, commercial food service, marine, industrial and HVAC.
“Our team looks forward to helping the company fully leverage its strong fundamentals and prevailing market tailwinds, drive innovation and make investments in operations that support our extraordinary teams and enhance our value to customers who place a tremendous amount of trust in us given the critical nature of our products,” said James Oh, partner, Pacific Avenue Capital Partners.
Pacific Avenue Capital Partners received approval on its purchase of substantially all the assets of Kidde-Fenwal Inc. by the United States Bankruptcy Court for the District of Delaware on April 2, with certain contributed assets being approved for acquisition by an affiliate of Pacific Avenue.
Pacific Avenue was advised by Stifel, Nicolaus & Company, Incorporated as financial advisor and Raines Feldman Littrell LLP as legal advisor.
Looking for quick answers on security topics? Try Ask SDM, our new smart AI search tool. Ask SDM →
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!
