FirePro Boosts PSI's Reach with Riverside's Investment
Deal News | Mar 19, 2025 | Riverside
The Riverside Company, a global investment firm, has strategically invested in FirePro to enhance its fire and life safety platform under Performance Systems Integration (PSI). PSI, based in Portland, Oregon, serves as a leading single-source provider of comprehensive fire and life safety solutions across the Pacific Northwest, Mountain West, Northern California, and the Pacific regions. The acquisition of FirePro, a company headquartered in Bend, Oregon, specializing in fire safety services, marks the 16th add-on for PSI under Riverside’s ownership, further solidifying PSI's presence in the Pacific Northwest. Riverside’s commitment to the Business Services industry is evident, having invested in over 390 companies in this sector since 1988. This move aims to expand PSI's coverage in Oregon, enhancing service offerings and reputation for quality and reliability.
Sectors
- Business Services
- Private Equity
- Fire Safety
Geography
- United States – The companies involved, Riverside, PSI, and FirePro, operate within the United States, specifically in regions like Oregon, Pacific Northwest, Mountain West, and Northern California.
- Oregon – Both PSI and FirePro are based in Oregon, highlighting the geographical relevance of the investment.
Industry
- Business Services – This article discusses Riverside's investment in the fire and life safety sector, which falls under business services, particularly focusing on maintenance and safety compliance services.
- Private Equity – The article highlights Riverside's role as a private equity firm investing in growth through acquisitions.
- Fire Safety – FirePro and PSI are both involved in the provision of fire safety services, such as system inspection, service, and equipment sales.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Riverside Company | Investor | Company | A global private equity firm investing in small and middle-market companies. |
| Performance Systems Integration (PSI) | Platform Company | Company | A fire and life safety service provider under Riverside's ownership. |
| FirePro | Target Company | Company | A fire safety service company specializing in equipment servicing for commercial clients. |
| Loren Schlachet | Managing Partner | Person | Managing Partner at Riverside, involved in the investment decision. |
| Jodi Kohler | CEO | Person | CEO of PSI, overseeing integration and operations post-investment. |
| John McKernan | Partner | Person | Partner at Riverside, participated in the strategic acquisition process. |
| Aakeem Andrada | Assistant Vice President | Person | Involved in the deal from Riverside's side. |
| Nikolai Kassogue | Analyst | Person | Part of Riverside's team handling the investment details. |
| Kyle Davis | Analyst | Person | Part of Riverside's analytical team for the investment. |
| Shaun Kelly | Operating Partner | Person | Operating Partner at Riverside, contributed to the deal. |
| Chrissie Yim | Finance Director | Person | Finance Director at Riverside, overseeing financial aspects of the deal. |
| Cheryl Strom | Origination Partner | Person | Helped source the deal for Riverside. |