Private equity firm TruArc Partners’ portfolio company AI Fire, a specialist in fire protection and safety services, has completed four acquisitions.
AI Fire partnered with the TruArc team in March 2021. With TruArc’s support, AI Fire has accelerated a buy-and-build strategy designed to fuel the company’s growth and expand its geographic footprint to service national, regional, and local customers all under one umbrella.
AI Fire has acquired the following companies since the partnership with TruArc in March: Blackstone Fire Control and FESS Fire Protection which established a new regional footprint in the Carolinas, TEC Control Systems which increased density in the New England market and BCI Technologies in Dallas which expanded its low voltage service offering to national account customers. The investment in AI Fire is led by TruArc Partners with a minority interest held by Snow Phipps Group.
