Encore Fire Protection Sells to Permira Funds
Deal News | Mar 13, 2025 | Levine Leichtman Capital Partn
Levine Leichtman Capital Partners (LLCP), a private equity firm based in Los Angeles, has announced the sale of its portfolio company, Encore Fire Protection, to funds advised by the global investment firm, Permira. Financial details of the transaction have not been disclosed. Encore, headquartered in Pawtucket, Rhode Island, is a leading provider of fire protection services in the Northeast and Mid-Atlantic regions of the U.S. The company offers a range of services including testing, inspection, maintenance, repair, and installation across various fire safety systems for commercial clients. LLCP had invested in Encore through its Fund VI, L.P., and during its partnership, implemented strategies that included management enhancements and technology investments, contributing to significant organic growth. Furthermore, Encore expanded geographically through acquisitions, a strategy praised by Ted Jeon, Managing Director at LLCP. Jeremy O'Connor, CEO of Encore, expressed gratitude for LLCP's role in their growth and looks forward to the collaboration with Permira.
Sectors
- Private Equity
- Fire Protection Services
- Investment and Advisory Services
Geography
- United States – The transaction involves companies operating within the United States, specifically in the Northeast and Mid-Atlantic regions.
- Los Angeles, California – Levine Leichtman Capital Partners, the private equity firm involved, is based in Los Angeles.
- Pawtucket, Rhode Island – Encore Fire Protection, the target company, is headquartered in Pawtucket, Rhode Island.
Industry
- Private Equity – The article discusses a transaction involving Levine Leichtman Capital Partners, a private equity firm, selling a portfolio company.
- Fire Protection Services – Encore Fire Protection operates in the fire protection services industry, providing critical safety services to commercial clients.
- Investment and Advisory Services – Permira, as a global investment firm, plays a key role in the acquisition, representing investment and advisory services.
Financials
- Not disclosed – The financial terms of the transaction between LLCP and Permira were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Levine Leichtman Capital Partners | Seller | Company | A Los Angeles-based private equity firm that owned Encore Fire Protection prior to the sale. |
| Encore Fire Protection | Target | Company | A leading provider of fire protection services in the Northeast and Mid-Atlantic U.S. |
| Permira | Buyer | Company | A global investment firm advised funds that acquired Encore Fire Protection. |
| Micah Levin | Partner | Person | A partner at Levine Leichtman Capital Partners who commented on the transaction. |
| Ted Jeon | Managing Director | Person | Managing Director at Levine Leichtman Capital Partners, involved in the discussion of the sale and growth of Encore. |
| Jeremy O'Connor | CEO | Person | The CEO of Encore Fire Protection, expressed gratitude towards LLCP and anticipation for the new partnership with Permira. |