Riverside Expands Fire Safety Platform with ATS Acquisition
Deal News | Nov 19, 2024 | Riverside
The Riverside Company, an investment firm targeting the smaller end of the middle market, recently announced its strategic investment in Action Technology Systems (ATS) as an addition to its existing fire and life safety platform, Performance Systems Integration (PSI). PSI, located in Portland, Oregon, is a prominent provider of fire and life safety services across the Pacific Northwest, with operations extending into the Mountain West and Northern California. This acquisition strengthens PSI's market position and expands its capacity to offer comprehensive fire and life safety services including system inspections, equipment sales, and installations for various construction projects. ATS, based in Portland, specializes in servicing and installing fire alarm systems for commercial clients in the region. Riverside highlights this acquisition as consistent with their ongoing strategy to grow their business services portfolio, having invested in over 380 platform and add-on companies since 1988. The collaboration between PSI and ATS is expected to drive significant value, enhancing service offerings and market reach, with a continued focus on high-quality customer service.
Sectors
- Business Services
- Fire and Life Safety
Geography
- United States – The companies involved, Riverside, ATS, and PSI, are primarily based in the United States, with operations heavily concentrated in the Pacific Northwest and adjacent regions.
Industry
- Business Services – The investment by Riverside in ATS and PSI highlights their continued focus on expanding and strengthening their portfolio within the business services sector.
- Fire and Life Safety – The focus on ATS and PSI revolves around providing fire and life safety services, including system inspection, service, monitoring, and installation.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Riverside Company | Bidding Company | Company | A global private equity firm investing primarily in the smaller end of the middle market. |
| Action Technology Systems | Target Company | Company | A provider of fire alarm services, monitoring, and installation in Portland, Oregon. |
| Performance Systems Integration (PSI) | Portfolio Company | Company | PSI is a leading provider of fire and life safety services in the Pacific Northwest, owned by The Riverside Company. |
| Loren Schlachet | Managing Partner | Person | Managing Partner at The Riverside Company involved in the ATS acquisition. |
| Jodi Kohler | CEO | Person | CEO of Performance Systems Integration. |
| John McKernan | Partner | Person | Partner at The Riverside Company who commented on the acquisition. |
| Aakeem Andrada | Assistant Vice President | Person | Assistant Vice President at The Riverside Company, involved in the deal. |
| Nikolai Kassogue | Analyst | Person | Analyst at The Riverside Company, involved in the deal. |
| Kyle Davis | Analyst | Person | Analyst at The Riverside Company, involved in the deal. |
| Shaun Kelly | Operating Partner | Person | Operating Partner at The Riverside Company. |
| Chrissie Yim | Finance Director | Person | Finance Director at The Riverside Company. |
| Cheryl Strom | Origination Partner | Person | Origination Partner at The Riverside Company who sourced the deal. |