Purchase of Fire Door Solutions & United Fire Door Inspection Creates Nationwide Service Provider, as Part of an Industry Investment Thesis
Lincolnshire Management, Inc. ("Lincolnshire"), a private equity firm with a 36-year track record of successfully investing in companies across the lower middle market, today announced that the firm's portfolio company Barrier Companies ("Barrier") has acquired two fire and safety compliance businesses with national service capability. Fire Door Solutions is a leading provider of fire and life safety compliance services and solutions primarily for the healthcare facility market nationwide, while United Fire Door Inspection is a specialized provider of inspection services in the Southeast. Financial terms of the private transactions were not disclosed.
Founded in 2013, Fire Door Solutions provides fire door, damper, and firestop inspection and repair services and related consulting and facilities management services. The Company is led by CEO Mickey Eberts, an industry veteran with over 25 years of experience in healthcare facilities management who will remain with the business post-transaction. United Fire Door Inspection, founded in 2013, is a provider of fire door inspections and maintenance. These are transformative acquisitions for Barrier and bring together some of the leading players in the fire and life safety space.
"The acquisition of these well-respected and market-leading companies is a continuation of Barrier's strategy to build a nationwide footprint and enhance its fire safety solutions to serve customers," said David Corbin, Barrier CEO. "We are very excited about the additional value these well-performing businesses will bring to Barrier as we raise its industry profile across the country,” said Eberts.
Barrier is the third platform investment for Fund V. Fire Door Solutions and United Fire Door Inspection are the second and third acquisitions for Barrier since Lincolnshire invested in the platform 18 months ago. Barrier’s first acquisition was PREVENT, a fire and life safety company serving customers primarily in healthcare settings throughout California, Texas, and Arizona in November 2021.
"The goal is to create a leading nationwide platform company providing the best assortment of fire and life safety compliance services to its customers," said John Comino, a Managing Director at Lincolnshire Management. “These services are critical for healthcare facilities to remain in compliance and maintain good standing to receive federal funding.”
The Lincolnshire team that led the transactions included Tom Callahan, John Comino, Philip Kim, Tad Nedeau, Matt Nacier, Nico Vega Llona, Matthew Landolphi, Yashna Ginodia, and Michael Morris.
"We believe Fire Door Solutions and United Fire Door Inspection bring important new capabilities and geographic reach to the Barrier family of companies," said Tad Nedeau, a Managing Director at Lincolnshire Management. "Through these acquisitions and future acquisitions, the Company has a well-developed national footprint with fire and life safety services offered to customers in all 50 states."
About Lincolnshire Management, Inc.
Lincolnshire Management, founded in 1986, is an experienced private equity firm focused on investing in companies across the lower middle market across an array of industries. Headquartered in New York with a satellite office in Chicago, the firm has established a strong reputation through identifying unique investment opportunities and through a team that brings deep sector, market and operational knowledge to each investment. The Lincolnshire team takes a collaborative approach to private equity investing drawing on extensive experience through many economic cycles across several industries. Lincolnshire Management has executed more than 56 platform investments and 38 add-on acquisitions since the firm's founding in 1986. For more information, please visit: www.lincolnshiremgmt.com.
About Barrier Companies
Barrier Companies, founded in 2008, is a leading fire and life safety and containment services provider. Headquartered in Lenexa, Kansas, Barrier is a national containment contractor that specializes in preventing the spread of fire, smoke, sound, water, and infection in commercial buildings and hospitals. The Company's services include inspections, installation and repair of doors, dampers, barriers, building expansion joints, fire resistive joint systems, acoustical and sound caulking, firestopping, commercial fire/smoke door and damper systems and more. For more information, please visit www.barriercompanies.com.
About Fire Door Solutions
Founded in 2012, Fire Door Solutions is a leading provider of Fire and Life Safety compliance services for healthcare facilities. It specializes in providing these critical services to hospitals and nursing homes, locations requiring outstanding client service the Company is well-equipped to provide. For more information, please visit www.firedoorsolutions.com.
About United Fire Door Inspection
Based in St. Petersburg, Florida, United Fire Door Inspection has grown into one of the top cost-effective fire doors inspection companies in the region. The Company has been consistently recognized for excellence in the fire and life safety industry with our certified fire door inspectors, providing high-quality fire door inspection services to protect lives and property. For more information, please visit www.unitedfiredoors.com.
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