Tyco Acquires Westfire, Will Fold It Into SimplexGrinnell
Tyco announced today it has acquired Westfire Inc., a provider of fire protection services with operations in the United States, Chile and Peru. Westfire, which specializes in hazard analysis as well as system design, installation, testing, inspection and maintenance, will become part of Tyco SimplexGrinnell.
The acquisition will strengthen SimplexGrinnell’s ability to meet the special hazards fire protection needs of customers in the mining, telecommunications, energy and data storage industries, according to a press release.
“Westfire is a powerful addition to Tyco’s capabilities. It expands our service footprint and recurring revenue base along with adding a highly-skilled and experienced team of engineers and technicians. In addition, we are adding vertical market expertise in special hazard detection and suppression applications,” says Brian McDonald, Tyco’s COO for Installations & Services.
Westfire’s U.S. operations are concentrated in the Western United States, with offices located in Dallas, Denver, Phoenix, Salt Lake City and Seattle. SimplexGrinnell has more than 100 company-owned and operated offices in the U.S., including offices serving the territories covered by Westfire. The company is expected to generate approximately $80 million in annualized revenues in fiscal year 2014, according to Tyco.
“Westfire’s engineering, installation and service expertise, combined with Tyco SimplexGrinnell’s comprehensive special hazards capabilities, creates an exceptional combination of solutions to help customers throughout North America,” says Bob Chauvin, president of SimplexGrinnell. “In addition, this acquisition expands Tyco’s service capabilities for the mining industry in Chile and provides an entry into the Peruvian market, both of which are important growth markets for Tyco.”
The transaction closed on Nov. 8. Terms of the deal were not disclosed.
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