Capstone Partners served as exclusive financial advisor to Mack Fire Protection, Inc. (“Mack”), a portfolio company of Newlook Capital and Fengate, in its sale to Summit Fire & Security (“Summit”).
Founded in 2005, Mack is the largest non-union provider of fire sprinkler design, installation, retrofit and remodel services, inspection, maintenance, monitoring and 24-hour emergency services in the state of Connecticut.
Mack has established numerous entrenched market advantages, including an unparalleled reputation for design and service excellence via its skilled and state-licensed technician base and an impressive repeat client roster.
Established in 1999, Summit has been a leader in the fire and life safety space with experience and capabilities that create a one-stop-shop provider of fire protection, security and life safety solutions on a local and national scale.
Newlook Capital is a private equity firm that manages industry-specialized funds and invests across the United States and Canada; Fengate is a leading alternative investment manager, with more than $8 billion of capital commitments under management, focused on private equity, infrastructure and real estate strategies.
The [Capstone Partners] team was indispensable as we took this important step for Mack Fire. They understood our business model from the moment we met – what drives value, where buyers focus diligence, and how best to position our business for an exceptional outcome. From start to finish, the [Capstone Partners] team rolled up their sleeves and worked alongside us as an extension of our team. The value was clear: we were well-organized, prepared, looking around corners and in full control. In the end, [Capstone Partners] ran a process that allowed us to evaluate a full range of options for the next step in our growth plan and negotiate a great outcome with the perfect partner for Mack Fire.
