Lincoln Road and Peninsula Invest in Aegis – PE Hub

October 30, 2019

Lincoln Road Global Management, LLC (“Lincoln Road”), a private equity firm focused on lower middle market businesses, and Peninsula Capital Partners LLC (“Peninsula”) today announced that through an affiliate they have partnered with Jacksonville, Florida-based Aegis Fire & Integrated Services (“Aegis”), an installer and servicer of fire extinguishers, suppression, sprinkler and alarm systems. Aegis will be part of the Republic Fire Protection, Inc., platform.

Republic Fire Protection was formed to invest in fire safety companies throughout the U.S. with a current focus in the Southeast. Its model is differentiated in that it seeks to partner with owners of fire safety companies who want to create some liquidity but still enjoy running their businesses. The partner companies maintain their name, autonomy and their team. Partners/owners get the best of both worlds: a high level of independence in running their business and the benefits of being part of a larger organization and share in the additional value created.

“We see enormous opportunity in partnering with Aegis, as we continue to grow the Republic Fire Protection platform,” said Jeff Magny, Founder and Managing Partner of Lincoln Road. “By partnering with regional industry leaders like Aegis’s President, Allen Andone, we are able to provide additional resources and our operational expertise to help Aegis achieve its full potential.”

Andone will continue as President of Aegis overseeing its operations. His decades of experience and that of his team will be invaluable as Republic Fire Protection expands its presence in the Southeast.

This is the second such partnership for Republic Fire Protection in the last 10 months. Its member companies currently include Aegis and Pro-Tec Fire Protection in Loganville, Georgia, and with this partnership, regional coverage now includes Florida, Georgia and neighboring states. Republic Fire Protection is actively seeking to expand the platform with the goal of providing best-in-class fire safety services throughout the Southeast.

Go to the article at PE Hub here: https://www.pehub.com/2019/10/lincoln-road-and-peninsula-invests-in-aegis/

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