North Haven Capital Acquires Interstate Fire Protection
The private investment firm identified Interstate Fire Protection as a rapidly growing, regional leader that is ready for a transition in ownership.
PORTLAND, Maine — North Haven Capital (NHC), a private investment firm based here, announces it has acquired New England-based Interstate Fire Protection.
NHC teamed up with BankProv, a future-ready commercial bank that offers adaptive and technology-first banking solutions to emerging markets for the deal.
With offices in Maine and New Hampshire, Interstate Fire Protection is a leading provider of fire protection services and systems that are protecting hundreds of businesses across New England. The company also undertakes the design and sale of systems protecting manufacturing assets outside of the region on a national level.
NHC identified Interstate Fire Protection as a rapidly growing, regional leader that is ready for a transition in ownership and seeks a new management team with the ability to drive the expansion of its product offerings, target end markets, and national footprint, according to the announcement.
“The Mooney Brothers have built a long-standing fire suppression partner that acts local, but covers a national customer base. We’re excited to work with the employees of IFP to expand their presence geographically and into new products and service offerings,” says Drew Bagin, partner at North Haven Capital.
Terence Mooney, technical services at Interstate Fire Protection, adds, “The team at North Haven Capital brings a new level of expertise and resources to accelerate the Interstate’s continued success. We are excited and pleased to work with North Haven in the shared goals of providing a rewarding environment for our valued team members and in increasing our market share both regionally and nationally.”
Copper Run Capital advised Interstate Fire Protection in its sale process. Former District General Manager with SimplexGrinnell and operating advisor to NHC Matt Bresnahan comments, “It’s great to once again be connected in part to this important industry. Having successfully led a fire protection business in the local market I am excited for the future of IFP and its customers.”
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