Fire services company Consolidated Fire Protection has been
sold to members of its management and a San Francisco-based
investment firm. Terms have not been announced for the deal
for Gryphon Investors to buy Consolidated. However,
according to the Los Angeles Times, Consolidated
President Steve Shaffer and COO Keith Fielding are among
the investors buying the company.
Consolidated is being sold by Los Angeles-based firm
Caltius Private Equity Partners, along with Westar Capital
and other shareholders.
Consolidated, with 2004 revenues of $100 million, designs,
installs and services fire systems in public and private
buildings. Gryphon says that current management will remain
in place and there are no plans to reduce Consolidated’s
600-employee workforce.
