Background: SLS Consulting, LLC (“SLS”), headquartered in Coral Gables, FL, is a premier provider of fire protection and life safety services, including code compliance, fulfillment, consulting, and several other compliance solutions.
Cassel Salpeter:
Served as financial advisor to the company
Facilitated the due diligence process, working closely with the team to quickly and clearly answer acquirer’s questions
Assisted in the structuring, negotiating, and closing of the transaction
Challenges:
With inbound interest, the seller did not have the opportunity to prepare for a sales process
Navigating the complexities of selling the core business through a stock deal and certain other assets via an asset deal
Ensuring owner’s other business ventures remained outside of the scope of the transaction
Outcome: In November 2023, SLS was acquired by SOCOTEC USA (“SOCOTEC”). SOCOTEC is a leading provider of TIC (Testing, Inspection, and Certification), consulting, and advisory services. The acquisition of SLS will strengthen SOCOTEC’s code compliance and planning presence and lead to the formation of the new SOCOTEC Life Safety division.
