Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, announced today that it has sold its portfolio company Encore Fire Protection to funds advised by Permira, a global investment firm. The financial terms of the transaction were not disclosed.
Encore is a provider of fire protection services across the Northeast and Mid-Atlantic U.S. Headquartered in Pawtucket, Rhode Island, the company delivers testing and inspection, maintenance and repair, and installation services to commercial clients across a variety of industries. Encore services the full spectrum of critical fire safety needs for its customers with end-to-end capabilities across fire alarm, suppression, extinguisher, and sprinkler systems.
“We are very proud of what Encore has accomplished since we invested in the company,” said Micah Levin, partner of LLCP. “During our partnership, Encore completed significant investments in key management hires, technology systems, sales team expansion, and operational resources to accelerate organic growth. We also executed a highly successful acquisition strategy to drive geographic expansion and enhance market density. We wish Encore all the best in their next chapter of growth with Permira.”
Ted Jeon, Managing Director of LLCP, commented, “Route-based services has long been a core LLCP investment vertical, and the significant growth and transformation of Encore during our ownership is a prime example of our sector expertise and value creation playbook at work. We are pleased to have supported Encore’s tremendous progress over the last four years.”
Jeremy O’Connor, CEO of Encore, added, “Our entire team is grateful for LLCP’s close support and collaboration through this phase of unprecedented growth. LLCP’s strategic insights and deep sector knowledge have been instrumental in scaling our business, and Encore is eager to embark on an exciting new chapter in our history with the support of our new partner, Permira.”
Encore was an investment of Levine Leichtman Capital Partners Fund VI, L.P.
Harris Williams and Robert W. Baird & Co. served as financial advisors, and Kirkland & Ellis LLP served as legal counsel to LLCP and Encore in connection with the transaction.
