Potter Electric Signal Company to Be Acquired by Gryphon Investors
Gryphon Investors, a San Francisco-based private equity firm, made a majority investment in St. Louis-based Potter Electric Signal Company LLC, a provider of mission critical products to the fire safety industry.
Kelly Romano, the former president of several of United Technologies’ Fire and Security, and Carrier Corporation global businesses; Mark Levy, the former president and CEO of Honeywell Life Safety; and Rob Salek, the former CEO of Gryphon portfolio company Consolidated Fire Protection, will join the board of directors of Potter (along with Gryphon professionals Bob Grady, Wes Lucas and Felix Park) as part of Gryphon’s investment. CEO Bernie Lears and the Potter management team have retained a significant ownership position in Potter, and will continue to lead the business, managing all day-to-day operations. Terms of the transaction were not disclosed.