Deal Details

PSI Is Acquired by Summit Companies

Technology & Services

PSI, a portfolio company of Riverside, acquisition by Summit Companies, a portfolio company of LTPC

Summary

Performance Systems Integration, LLC (“PSI” or the “Company”), a portfolio company of The Riverside Company (“Riverside”), has been acquired by SFP Holding, Inc. (“Summit Companies”), a portfolio company of BlackRock Long Term Private Capital (“LTPC”). Terms of the transaction were not disclosed.

Baird served as the lead financial advisor to PSI on this transaction.

About

PSI delivers comprehensive fire and life safety solutions to commercial and institutional clients, including system inspection, maintenance, monitoring, repairs and new installations. Under Riverside’s hold, the Company has grown into the largest independent fire life safety provider in the Pacific Northwest, serving more than 21,000 customers across Washington, Oregon, Idaho, Northern California and Hawaii. PSI is headquartered in Portland, Oregon.

Riverside is a global investment firm focused exclusively on investing in leading companies in the smaller end of the middle market. Riverside currently has more than 150 active portfolio companies across its platform and, since its founding in 1988, has completed more than 1,000 investments. The firm is co-headquartered in Cleveland, Ohio and New York, New York with the investment team on the transaction based out of Los Angeles, California.

Summit Companies is a leading, fully integrated provider of fire and life safety services delivering comprehensive, code-compliant solutions through its operating subsidiaries across the United States. Summit Companies provides end-to-end services – including system design, installation, inspection, maintenance, monitoring and consulting – across a diverse commercial customer base and growing branch network. Summit Companies has been named to the Inc. 5000 list of the fastest-growing private companies in the United States for the past six years based on strong organic growth and a proven track record as the acquirer of choice within the fire and life safety industry. Summit Companies is headquartered in Mendota Heights, Minnesota.

LTPC is an innovative private equity strategy focused on investing in high-quality businesses and value creation through active collaboration with management teams. The strategy’s flexible duration and prudent approach to leverage preserve optionality for growth and help enable compounded capital appreciation. LTPC is backed by BlackRock, Inc., which manages $377 billion in alternative investments and commitments on behalf of clients worldwide as of December 31, 2024. LTPC is headquartered in New York, New York.

Technology & Services

PSI, a portfolio company of Riverside, acquisition by Summit Companies, a portfolio company of LTPC