Reported about 8 hours ago
Permira has reached an agreement to acquire Encore Fire Protection for approximately $1.8 billion, including debt. The acquisition was disclosed to the company's senior staff by Encore's CEO, Jeremy O’Connor, who emphasized that the partnership will allow them to continue focusing on their core services, which include fire safety solutions like alarms and extinguishers. This move is part of a trend in the fire safety sector, which has drawn significant interest from institutional investors.
Source: YAHOO