Lincoln Road Global Management, LLC, a private investment firm focused on investing in lower middle market businesses, announced that an affiliate has completed an investment in Pro-Tec Fire & Safety, global provider of fire extinguisher and safety services in the Southeast. This is Lincoln Road's first transaction since the investment team was assembled under the leadership of Managing Partner Jeff Magny. Terms of the private transaction were not disclosed.
Lincoln Road invests in Pro-Tec Fire & Safety
Lincoln Road makes investments in industry leading businesses that have strong franchise value and can benefit from its operational expertise. The firm specialises in industrial, consumer retail, and business services companies in North America with sales between $20 and $150 million.
"We're very excited to complete our inaugural investment, and to do so in an industry and company with such significant growth opportunities," said Magny. "The fire safety space is highly fragmented, and we see a great opportunity to grow through a 'buy and build' strategy, while utilizing our operational expertise to help the company reach its full potential as the fire safety leader throughout the Southeast."
Fire extinguisher, alarms and sprinkler systems
For more than 40 years, Atlanta-based Pro-Tec Fire & Safety has provided fire extinguisher and safety services, focusing primarily on commercial, municipal and multi-unit developments. The company is a fully licensed provider of services including the installation of fire alarms, sprinkler systems, fire extinguishers, kitchen hoods, and emergency lighting systems. Pro-Tec also conducts monitoring, testing and inspection – all of which are code driven (legally-required) recurring revenue sources.
Lincoln Road is currently investing on a deal-by-deal basis, with the support of investors including institutions and family offices. Magny sees significant opportunity to invest within fragmented business sectors like fire safety across the country, where the firm can provide capital for strategic acquisitions and make an outsized positive impact on performance through applying its operational expertise. Lincoln Road plans to complete additional platform investments prior to raising a first fund.
Fire Safety
"We're very proud of the progress we have made thus far as a firm," said Magny. "We look forward to growing the platform through strategic add-ons, as well as working on new opportunities that deliver significant value to our investors."
Magny has over 15 years' experience investing in transactions including mergers, acquisitions, recapitalizations, financings and restructurings. Over the course of his career he has worked on more than 30 transactions, representing collectively over $ $750 million in capital deployed and financings. Prior to founding Lincoln Road, Magny was a Senior Vice President at Sun Capital. He began his career at JP Morgan in the Mergers & Acquisitions Banking Group.
Holland & Knight LLP acted as legal advisor to Lincoln Road for the investment.
