Funds managed by global private investment firm KKR have acquired Marmic Fire & Safety, a provider of fire protection equipment inspection, testing and maintenance services, from HGGC.
Financial terms of the deal have not been disclosed.
Marmic was founded in 1951 and serves more than 56,000 customers across the commercial, industrial, multi-family, education, government and healthcare markets in the US.
According to a press statement, KKR will support Marmic in implementing a broad-based employee ownership programme.
KKR is making its investment in Marmic through its ascendant strategy, which invests in middle-market businesses in North America as part of KKR’s Americas private equity platform. Marmic will be maintained as an independent company backed by KKR.
Houlihan Lokey and Latham & Watkins advised KKR.
