KRG Capital enters security space with ECFP buy
DENVER--Saying the purchase complements its other investments, KRG Capital Partners, a private equity firm based here, made its first foray into the security industry this week with the acquisition of East Coast Fire Protection Inc., of Richmond, Va.
"The construction area is a major focus of our investments and an area where we have a lot of expertise," said Chris Lane, managing director of KRG Capital. "This investment complements our construction investments."
KRG did not release terms of the deal, but Lane said KRG was attracted to ECFP because of the quality of the company. "We like the fire and life-safety area and we really like the management team at ECFP. We think it's an exceptionally well run organization."
The management team and operation of the company will remain in place. Lane would not disclose specific plans or goals, but said KRG will help ECFP grow organically and through acquisitions. There are plans to open new offices.
ECFP has nine offices in Maryland, Virginia, North Carolina, Georgia, and Florida; its projects extend throughout the mid-Atlantic and southeast. Founded in 1997, ECFP is one of the largest fire and life-safety service providers in the U.S. Its services include alarm and detection control panels and smart systems, notification systems, ancillary products.
For more on this story, please see the November issue of Security Systems News.