Summit Acquires Protegis Fire & Safety
Protegis Fire & Safety acquired by Summit Fire & Security
CLEVELAND, OH – Protegis Fire & Safety LLC today announced a successful sale to Summit Fire & Security, a subsidiary of SFP Holding, Inc. (Summit Companies), one of the largest players in the fire & life safety industry. Protegis is a portfolio company of Align Capital Partners (“ACP”), a private equity firm with investment teams in Dallas, TX and Cleveland, OH.
Protegis has 13 locations in Ohio, Kentucky, central Florida and the Baltimore-DC region. Protegis becomes part of the much larger Summit Fire & Security, an industry leader with 59 locations in 20 states with the Protegis acquisition. Both Protegis and Summit Companies have national account coverage of the entire country through affiliates.
Peter van Niekerk, CEO of Protegis commented, “At Protegis, our shared ambition has been to build the best company in fire protection. We’ve made a great deal of progress on that journey. This acquisition is the logical and exciting next step – moving us forward a huge leap and bringing substantial benefits to all our customers and employees.”
Responded Nic Brown, President of Summit Fire & Security, “The decision to join forces with Protegis was solidified when we experienced first-hand the cultural alignment and commitment to their customers. Our teams across the nation take pride in their work as they provide a level of expertise and care that cannot be understated in an industry dedicated to protecting lives and property. We strongly believe this will make an incredible partnership and we’re really excited about the future together.”
ACP’s initial investment in the Protegis platform came via the acquisition of ISA Fire & Security in 2017. Together with management, ACP helped the company grow organically and through seven add-on acquisitions. Steve Dyke, Managing Partner at ACP said, “We are proud of the transformation Protegis experienced these past five years – a journey which was made possible by combining ACP’s operational and growth resources with an excellent management team and dedicated employee base. We wish everyone at Protegis great success in the future.”