SC&H Capital (“SC&H”), a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Mid Atlantic Fire Protection, has been acquired by APi Group (“APi”) (NYSE:APG).
Founded in 2002 by Todd Fain and David Reynolds, Mid Atlantic Fire Protection specializes in the design, installation, inspection, and maintenance of fire protection sprinkler systems. The company is based in Virginia Beach and serves commercial, industrial, federal and multi-family customers throughout Virginia, Maryland, and North Carolina. APi was founded in 1926 and has grown to be a premier life safety, security, monitoring, and specialty contracting business. APi has approximately $7 billion in revenue, operates in over 20 countries, and has ~29,000 team members.
“We are excited to join forces with APi and are grateful for the advice and guidance provided by the SC&H Capital team on the transaction,” said David Reynolds, co-founder of Mid Atlantic Fire Protection. “From the outset, SC&H Capital demonstrated a deep understanding of our company’s capabilities and our goals for the transaction. The team leveraged their knowledge of and relationships in the fire protection industry to run an efficient process that resulted in a great outcome for Mid Atlantic Fire Protection,” said fellow co-founder Todd Fain.
“We are very pleased with the result for David and Todd and the whole Mid Atlantic Fire Protection team,” said Greg Hogan, Managing Director at SC&H Capital. “The M&A market for fire protection services companies continues to be robust and we were proud to have served as advisor to the company to help them navigate a multitude of options and land with the right partner.”
About SC&H Capital
SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), employee stock ownership plans (ESOP), distressed M&A, capital raises, financial restructurings, and business valuations for middle-market companies nationally. SC&H Capital delivers services across numerous industries including technology, healthcare, manufacturing, consumer, business and professional services, and government contracting. We are recognized for delivering relevant market insights and tailored solutions to help owners achieve their true strategic value. To learn more, visit www.schcapital.com.
