Levine Leichtman Capital Partners Exits Encore Fire Protection
Deal News | Mar 13, 2025 | Levine Leichtman Capital Partn
Los Angeles-based private equity firm Levine Leichtman Capital Partners (LLCP) has announced the sale of its portfolio company, Encore Fire Protection, to funds advised by global investment firm Permira. Encore, headquartered in Pawtucket, Rhode Island, is a prominent fire protection services provider operating across the Northeast and Mid-Atlantic U.S., offering a wide range of services such as testing, inspection, maintenance, and installation for commercial clients. Under LLCP's ownership, Encore achieved significant growth through strategic management hires, technology enhancements, and expansion of its sales team. LLCP also employed an effective acquisition strategy to bolster Encore's geographical footprint and market density. The transaction reflects LLCP's expertise in the 'route-based services' investment vertical and their capability to drive value creation. CEO Jeremy O'Connor of Encore expressed gratitude for LLCP's support and the opportunity to start a new chapter with Permira.
Sectors
- Fire Protection Services
- Private Equity
Geography
- United States – Encore Fire Protection operates across the Northeast and Mid-Atlantic U.S., making the United States the primary geographical focus of the article.
- Rhode Island – Encore Fire Protection is headquartered in Pawtucket, Rhode Island, which is relevant to the company's operations and management location.
Industry
- Fire Protection Services – The article involves Encore Fire Protection, which is a leading provider of fire protection services. It operates in the industry by providing testing, inspection, maintenance, repair, and installation services for fire alarm, suppression, extinguisher, and sprinkler systems.
- Private Equity – Levine Leichtman Capital Partners is a private equity firm involved in selling its portfolio company, Encore Fire Protection, to another investment firm, Permira.
Financials
- Not Disclosed – The financial terms of the transaction were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Levine Leichtman Capital Partners | Selling Company | Company | A private equity firm based in Los Angeles that sold its portfolio company Encore Fire Protection. |
| Encore Fire Protection | Target Company | Company | A leading provider of fire protection services across the Northeast and Mid-Atlantic U.S., headquartered in Pawtucket, Rhode Island. |
| Permira | Bidding Company | Company | A global investment firm that acquired Encore Fire Protection from Levine Leichtman Capital Partners. |
| Micah Levin | Partner at LLCP | Person | A partner at Levine Leichtman Capital Partners who commented on the sale of Encore Fire Protection. |
| Ted Jeon | Managing Director of LLCP | Person | A managing director at Levine Leichtman Capital Partners who also commented on the sale and performance of Encore Fire Protection. |
| Jeremy O'Connor | CEO of Encore Fire Protection | Person | CEO of Encore Fire Protection who expressed gratitude for LLCP's support and collaboration if they begin their partnership with Permira. |