Pacific Avenue Capital Partners, a middle-market private equity firm specialising in carve-outs and complex situations, has closed its acquisition of KiddeFenwal, a designer and manufacturer of industrial and commercial fire suppression systems and safety controls.
According to a press statement, the deal positions KiddeFenwal for “substantial growth while allowing it to further expand its market share, both in the US and globally”.
Under Pacific Avenue’s ownership, KiddeFenwal will focus on serving a growing customer and end-user base, as well as expanding its offerings across the industries of power generation/transmission, data centres, commercial food service, marine, industrial and HVAC.
Pacific Avenue Capital Partners received approval on its purchase of Kidde-Fenwal by the United States Bankruptcy Court for the District of Delaware on 2 April.
Pacific Avenue was advised by Stifel, Nicolaus & Company, Incorporated and Raines Feldman Littrell.
