Rapid Fire Protection Holdings, a Boyne Capital portfolio company, has acquired Aegis Fire Systems.
Capitala Group provided revolver and term credit facilities to support the acquisition.
Founded in 1996 by Tom McKinnon and headquartered in Pleasanton, CA, Aegis services large-scale facilities across a variety of end markets including commercial office, mixed-use, multifamily residential, industrial and government. Aegis will continue to operate under its current name and branding as part of the Rapid Fire platform, which launched in June 2019.
“California’s sustained growth and emphasis on fire safety makes it a key market for our industry. We are excited to partner with Tom and the Aegis team, who are among the most experienced and respected providers in the industry, in expanding the Rapid Fire platform into California,” said Matt Hammon, CEO of Rapid Fire. _x000D_
“Aegis represents a perfect fit for Rapid Fire’s expansion strategy with its seasoned team of fire safety experts, established track record, and deep long-term customer relationships. We look forward to supporting Rapid Fire’s growth and exploring additional strategic acquisition opportunities to further extend the platform’s reach,” said Boyne Managing Partner and CEO, Derek McDowell.
Rapid Fire is a platform investment in BCM Fund I.
Boyne Capital is a Florida-based private equity firm focused on investments in lower middle market companies.
Capitala Group is a $3.0 billion asset management firm that has been providing capital to lower middle market companies through its credit, growth and equity investment strategies throughout North America for 20 years.
