ACT Capital Advisors Advises Chaparral Fire Protection, Inc, to Summit Companies
Utah-based designer and installer of fire protection systems acquired
SEATTLE, July 16, 2019 /PRNewswire-PRWeb/ -- ACT Capital Advisors, a leading middle market mergers and acquisitions advisor, is pleased to announce the sale of its client, Chaparral Fire Protection Inc., to A-1 National Fire Co. LLC dba Summit Companies and a member of SFP Holding, Inc. The acquisition closed on June 24, 2019.
Chaparral Fire Protection designs, fabricates, and installs fire sprinkler piping systems for commercial and residential structures. The Company also provides inspection services, fire extinguishers and miscellaneous fire and life safety services for its contractors and other customers. The company is headquartered in Salt Lake City, UT, with an additional office in St. George, UT. Chaparral is licensed to do business in Utah, Idaho, Nevada, Arizona and Colorado.
SFP Holding, Inc., a holding company based in Mendota Heights, MN, offers a complete package of fire and life safety solutions for projects big and small under the Summit Companies brand. Summit Companies is a premier fire and life safety company with an expanding national presence in the United States. Any building, large or small, new or old, that requires fire protection design, installation, maintenance and monitoring can be handled by Summit Companies.
ACT Capital Advisors' team, led by Managing Director Stephen Spencer and assisted by Dominick Sciola, successfully closed the transaction.
"Chaparral Fire Protection has built a stellar reputation in the Intermountain West as the fire and life safety company that is known for putting the customer first, being passionate about exceptional value and quality, and 'if you want the job done right, go to Chaparral'," said Spencer. "Summit Companies quickly recognized the opportunity to integrate Chaparral's skill sets and culture into their national platform. We are excited for both the buyer and seller and truly expect a very successful future as together they take the business to the next level of performance on a regional scale."
Summit Companies' CEO, Jeff Evrard, added, "We are very excited to welcome the employees and clients of Chaparral Fire Protection to the Summit Companies family. Summit's national scale and resource base will allow us to quickly expand the service offerings of Chaparral to the next level and provide a one-stop solution to meet all the fire and life safety needs of customers in the rapidly growing Intermountain West."
For more information please contact Stephen Q. Spencer, CFA at (425) 241-6530.
SOURCE ACT Capital Advisors
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