Bloomberg reports on Permira acquisition agreement

Permira has reportedly agreed to acquire Encore Fire Protection for approximately $1.8 billion, including debt, according to Bloomberg.

Sources familiar with the matter stated that Encore Fire Protection disclosed the transaction to senior staff on Thursday.

The company provides fire safety services, including installation and maintenance of alarms, extinguishers, and sprinklers.

Previously, it was backed by Levine Leichtman Capital Partners.

A spokesperson for Encore Fire Protection said: “We are excited to partner with one of the world’s leading PE firms, Permira.

“The partnership cements our vision for the future and simply ensures that we can keep focusing on doing what we do best.

“Our leaders, our team, our purpose, our culture, and values remain the same as we enter this exciting next chapter.”

Permira and Levine Leichtman decline comment

Permira, a London-based private equity firm, specialises in investments across multiple sectors.

The firm has not provided confirmation of the acquisition.

A spokesperson for Permira declined to comment on the transaction, and representatives for Levine Leichtman Capital Partners did not respond to requests for comment.

Fire safety sector continues to attract investors

Institutional investors have shown ongoing interest in the fire and safety industry due to its recurring revenue model and relative stability across economic cycles.

In January, Pye-Barker Fire & Safety sold minority stakes to GIC Pte. and a subsidiary of the Abu Dhabi Investment Authority.

The transaction confirmed an earlier Bloomberg report on the company’s investment plans.

Permira to acquire Encore Fire Protection in $1.8 billion deal: Summary

According to Bloomberg, Permira has agreed to acquire Encore Fire Protection for approximately $1.8 billion, including debt.

The transaction was reportedly disclosed internally at Encore Fire Protection, a company providing fire alarm, extinguisher, and sprinkler services.

Previously backed by Levine Leichtman Capital Partners, Encore will maintain its leadership and operations under the new ownership.

Permira has not confirmed the acquisition, and a spokesperson declined to comment.

Representatives for Levine Leichtman Capital Partners did not respond.

The fire safety sector continues to attract investment due to its stable revenue model.

In January, Pye-Barker Fire & Safety sold minority stakes to GIC Pte. and an Abu Dhabi Investment Authority subsidiary.