Corbett Technology Solutions, Inc. Acquired Firecom
- Background: Firecom, Inc. (“Firecom”), based in Woodside, NY, is the largest fire alarm company in New York City, servicing approximately 800 high-rise buildings, and is one of only five companies in the U.S. to manufacture its own fire life safety systems for high-rise buildings.
- Cassel Salpeter:
- Served as financial advisor to the company
- Ran a highly-focused competitive sales process, identifying and contacting strategic buyers
- Assisted in the structuring, negotiating, and closing of the transaction
- Challenges:
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- Maximizing and delivering value for synergies
- Managing ownership and operational complexities
- Navigating extensive diligence review process
- Outcome: In June 2022, Firecom was acquired by Corbett Technology Solutions, Inc. (“CTSI”), a leading provider of communication, collaboration, life-safety, and security solutions for clients across the East Coast. CTSI is a portfolio company of Wind Point Partners.
