Pacific Avenue Capital Partners—a private equity firm focused on middle-market carve-outs and complex situations—has successfully acquired KiddeFenwal, a global leader in designing and manufacturing industrial and commercial fire suppression systems and safety controls. This acquisition is set to drive significant growth for KiddeFenwal, enabling it to expand its market share both domestically and internationally. Under Pacific Avenue’s ownership, KiddeFenwal will enhance its focus on serving a diverse and growing customer base with competitively priced, highly integrated fire suppression and safety control solutions.
The company plans to accelerate its innovation and product competitiveness, expanding its proprietary and fully certified offerings as regulatory bodies push for more environmentally friendly solutions across various industries such as power generation, data centers, commercial food service, marine, industrial, and HVAC.
“With its strong product portfolio, established brand equity, and solid customer relationships, KiddeFenwal has been a global leader in fire safety systems and controls,” said James Oh, Partner at Pacific Avenue Capital Partners. “Now, it is poised to accelerate growth significantly. Our team looks forward to leveraging its strong fundamentals and prevailing market trends, driving innovation, and making operational investments that support our exceptional teams and enhance our value to customers who trust our critical products.”
“Pacific Avenue’s extensive experience in middle-market carve-outs and complex situations was crucial in partnering with Carrier on this transaction,” said Chris Sznewajs, Founder and Managing Partner of Pacific Avenue Capital Partners. “I am excited to welcome the KiddeFenwal brand and team, and I look forward to the future growth and success of the business. This company is exceptionally well-positioned to build on its industry-leading brand and market position.”
Pacific Avenue Capital Partners received approval for its purchase of substantially all the assets of Kidde-Fenwal, Inc. from the United States Bankruptcy Court for the District of Delaware on April 2, 2024. Certain contributed assets were approved for acquisition by a Pacific Avenue affiliate.
Pacific Avenue was advised by Stifel, Nicolaus & Company, Incorporated as financial advisor and Raines Feldman Littrell LLP as legal advisor.
