Sanderson Joins Forces with PSI to Elevate Fire Safety Standards

Deal News | Dec 16, 2024 | Riverside

Sanderson Joins Forces with PSI to Elevate Fire Safety Standards

The Riverside Company, a prominent investment firm with a focus on smaller middle-market companies, has announced a pivotal investment in Sanderson Fire Protection. Sanderson becomes an add-on to Riverside's fire and life safety platform, Performance Systems Integration (PSI). Both Sanderson and PSI are based in Portland, Oregon, and are entrenched in the fire and life safety services industry. PSI caters to the Pacific Northwest, Mountain West, Northern California, and the Pacific, offering extensive services in system inspection, service, monitoring, and equipment sales. The acquisition marks the 14th add-on for PSI under Riverside's helm, a testament to its market dominance in the Pacific Northwest. Riverside's Managing Partner, Loren Schlachet, emphasized how Sanderson's integration opens new avenues for growth, while PSI CEO Jodi Kohler highlighted how this collaboration would enhance service offerings. This move reflects Riverside's dedication to the business services industry, having invested in over 380 platform and add-on companies in this sector since 1988. The deal was facilitated by various Riverside team members, demonstrating the firm's ongoing strategy to target high-potential fire protection companies with expertise in critical safety services.

Sectors

  • Business Services
  • Fire and Life Safety
  • Private Equity

Geography

  • United States – Both Riverside and the acquired Sanderson Fire Protection operate within the U.S., focusing their activities primarily in the Pacific Northwest and other regions.
  • Pacific Northwest – This region is significant as the primary operational base for PSI and Sanderson, providing critical fire and life safety services across the area.

Industry

  • Business Services – The investment by Riverside into Sanderson Fire Protection reflects a focus on services that support the operational needs of businesses, particularly in fire and life safety management.
  • Fire and Life Safety – The core business activities of Sanderson and PSI fall within this industry, focusing on providing essential safety services such as fire extinguisher maintenance, suppression systems, and safety compliance.
  • Private Equity – Riverside Company operates within this industry, making strategic investments in companies like Sanderson Fire Protection to enhance their platforms and drive growth.

Financials

    Participants

    NameRoleTypeDescription
    The Riverside CompanyBidding CompanyCompanyA global investment firm focusing on the smaller end of the middle market, involved in private equity and structured capital.
    Sanderson Fire ProtectionTarget CompanyCompanyA provider of fire extinguisher services and suppression system inspection and repair, headquartered in Portland, Oregon.
    Performance Systems Integration (PSI)Target PlatformCompanyA fire and life safety services provider in the Pacific Northwest and other regions, part of Riverside's portfolio.
    Loren SchlachetManaging Partner at RiversidePersonManaging Partner at Riverside, involved in the strategic investment in Sanderson Fire Protection.
    Jodi KohlerCEO of PSIPersonCEO of PSI, welcoming Sanderson's integration into the PSI platform.
    John McKernanPartner at RiversidePersonPartner at Riverside, expressing excitement about the growth potential from the Sanderson-PSI partnership.
    Aakeem AndradaAssistant Vice President at RiversidePersonInvolved in the investment deal for Riverside.
    Nikolai KassogueAnalyst at RiversidePersonInvolved in the investment deal for Riverside.
    Kyle DavisAnalyst at RiversidePersonInvolved in the investment deal for Riverside.
    Shaun KellyOperating Partner at RiversidePersonInvolved in the operational aspects of the Sanderson acquisition.
    Chrissie YimFinance Director at RiversidePersonInvolved in financial aspects of the investment.
    Cheryl StromOrigination Partner at RiversidePersonResponsible for sourcing the Sanderson acquisition deal for Riverside.