KRG Capital Partners Completes Recapitalization of East Coast Fire Protection; Transaction Marks 2nd Deal for KRG's $715 Million Fund III.DENVER -- KRG KRG Kurdistan Regional Government KRG Key Resource Group (Los Angeles, California) KRG Killology Research Group KRG Knoxville Repeater Group Capital Partners ("KRG"), a Denver-based private equity firm, is pleased to announce the completion of a recapitalization with East Coast Fire Protection, Inc., ("ECFP ECFP Enhanced Cyan Fluorescent Proteins ECFP Equal Channel Failure Probabilities " or the "Company"), the nation's seventh largest fire and life safety services provider. Headquartered in Richmond, VA, the Company has nine locations in Maryland, Virginia, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Georgia and Florida, completing projects throughout the mid-Atlantic and southeast. Founded in 1997, ECFP has grown rapidly and is now the second largest fire and life safety services provider on the east coast. The Company is the only multi-facility fire and life safety services provider that is ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001; 2000 certified at all of its facilities. ECFP's services include: traditional wet and dry sprinklers; dry chemical and gas systems; foam protection systems; heat, gas and smoke detection systems; alarm and detection control panels and smart systems; emergency alarm notification systems; and ancillary products such as fire hoses and extinguishers. The Company generates strong recurring revenue from inspection and maintenance contracts in addition to performing new construction projects for commercial, industrial, residential (multifamily) and municipal/government customers. Going forward, KRG and management will focus on continuing to generate strong organic growth, opening Greenfield locations in select markets and completing strategic add-on acquisitions that enhance ECFP's ability to serve its customers. "Joining with KRG allows ECFP to continue to build the leading life safety company in the southeast," said Jim Toups, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of East Coast Fire Protection. "Their track record of helping growing companies with human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , information technology and operational and financial execution will help ECFP continue its drive to constantly improve our customers' experience." "We are delighted to be partnering with East Coast Fire Protection," said Chris Lane, Managing Director of KRG Capital Partners. "We are very impressed with the Company's expertise in fire and life safety services as well as with the enthusiasm of its management team and employees." ECFP will be KRG's second investment from its $715 million Fund III. Other recent transactions completed by KRG include the acquisition of The Focus Corporation, a multi-disciplinary consulting firm specializing in engineering, geomatics Geomatics is the discipline of gathering, storing, processing, and delivering of geographic information, or spatially referenced information. Overview The term "Geomatics" refers to:
Harris Bank provided the debt. Paul Hastings served as the legal advisor to KRG and McSweeney & Crump served as the legal advisor to the seller. FMI FMI Fondo Monetario Internacional (Spanish: International Monetary Fund) FMI Fonds Monétaire International FMI For More Information FMI Food Marketing Institute FMI Fundo Monetário Internacional provided due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. services to KRG. About KRG Capital Partners Founded in 1996, KRG is a Denver-based private equity firm that currently manages over $1.7 billion of committed equity capital and equity co-investments. KRG specializes in acquiring and recapitalizing unique and profitable middle-market companies. The firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. Since inception, KRG has invested in 23 platform companies and has completed 60 add-on acquisitions for those platforms. For more information on KRG Capital Partners, please visit www.krgcapital.com. About East Coast Fire Protection Founded in 1997, East Coast Fire Protection, Inc., designs, fabricates, installs, inspects and services fire protection systems. These include fire sprinklers, fire alarms, and special hazard systems. For more information on East Coast Fire Protection, please visit www.ecfp.com. |
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