Case Study

Prospect Partners has sold Summit Companies to CI Capital Partners LLC

Summit Companies (Summit), a portfolio investment of Prospect Partners, has been sold to CI Capital Partners LLC for US$78 million.

Summit Companies is a leading pure-play fire and life safety services (FLS) platform in the US with end-to-end capabilities, unmatched technical expertise and a highly recurring base of code-driven, non-discretionary revenue. Summit's expertise covers the entire spectrum of FLS categories including both wet and dry suppression systems, clean agent suppression, alarms and security monitoring, extinguishers, kitchen hoods and special hazard systems. Regionally dominant with national scope, Summit provides these services to a diversified base of commercial, industrial, healthcare and public sector customers – with widespread recognition in mission critical environments such as storage, modern logistics facilities and data centers.

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts. The firm seeks to invest in sectors such as, business services, consumer services, distribution, government services and defense, employer services, military armored vehicles, logistics, aerospace, foodservice, healthcare services, professional employer organization industry, and light and heavy manufacturing.It invests private capital rather than pension and insurance funds. The firm frequently seeks to reinvest in its portfolio companies for add-on acquisitions and growth opportunities. CI Capital Partners was founded in 1993 and is based in New York City.

Prospect Partners is a leading lower middle-market private equity firm based in Chicago. The firm focuses exclusively on management-led leveraged recapitalizations and acquisitions of small companies with niche strategies, managing three funds totaling US$470 million. Prospect Partners is a highly experienced, active, and committed investor in smaller lower middle-market companies with revenues typically under US$75 million. Since 1998, the firm has invested nationwide in more than 140 unique companies to build nearly 50 platforms in a broad range of niche markets, including consumer, commercial, manufacturing, distribution, and specialty business and consumer services.

One of Oaklins' teams in the USA served as the exclusive financial advisor to the seller in this transaction.

 

WHAT OUR CLIENT SAID

Brad O’Dell, Principal, Prospect Partners: "Thank you for your efforts and hard work in helping us get to the finish line on Summit. The team did a tremendous job from start to finish – beginning with expert company positioning and well-crafted marketing materials and ending with outstanding process management. Our faith and support were rewarded with the sale transaction, and we truly appreciate the team's role in helping to make it happen. We look forward to continuing to build the relationship with them."

Tombstone image for Prospect Partners has sold Summit Companies to CI Capital Partners LLC

KEY DEAL CONTACTS

Jarrad Zalkin

United States

Managing Director

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David M. Felts

United States

Managing Director

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James S. Grien

United States

Managing Director

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Kevin Atchue

United States

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Michael L. Bauman

United States

Analyst

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Michael Wellington

United States

Analyst

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