Thompson Safety

Situation

Thompson Safety seeks like-minded fire protection and first aid business partners to join them in the next chapter of growth. Thompson Safety allows owners and operators to cement their legacy within a culture that values what they have created, learns from their existing capability, and delivers additional value to their customers and owners/operators. The Company has identified a clearly defined acquisition strategy to effectuate a long-term growth objective of becoming a preferred, single-source vendor for fire and life safety needs.

Engagement

Thompson Safety and Berkshire Partners engaged G2 Capital Advisors, LLC (“G2”) as the exclusive engaged buy-side advisor to identify acquisition targets that meet the Company’s criteria and expansion goals. G2 vetted hundreds of companies in this highly fragmented industry, conducted hands-on market outreach, and introduced qualified targets to the Company, leading to the acquisition of All Florida Fire Equipment. The engagement is ongoing as Thompson Safety continues to pursue the acquisition of complementary companies to benefit from the platform and growth opportunity Thompson Safety provides.

Outcome

Thompson Safety successfully acquired All Florida Fire Equipment, Inc. (“All Florida Fire”) in April 2024, marking the Company’s sixth acquisition since Berkshire Partners’ investment. Headquartered in Tampa, FL, All Florida Fire is a full-service fire extinguisher solutions provider that also delivers fire suppression systems, emergency lighting installation, and more. For 25 years, the founder-owned firm has built a reputation for reliable fire protection solutions, in part by maintaining a team of trained, full-time technicians who take great care in adhering to the highest safety standards. To ensure a continuity of service across all customers, this team will seamlessly transition to Thompson Safety’s Tampa location.

“We are excited to expand our presence in the Florida market with such a respected regional partner. All Florida Fire’s exceptional team of technicians and their reputation for service excellence with customers make All Florida Fire an important and aligned addition to the Thompson Safety family,” said Tommy Thompson, CEO of Thompson Safety.

“G2 sourced an acquisition partner for Thompson that perfectly aligns with our strategy of becoming a full service fire and life safety company, adding fire suppression service alongside our first aid and safety offering in an existing market, ” stated Spencer Murray, Principal at Berkshire Partners. “We appreciate the partnership with G2 and their dedication to supporting Thompson Safety’s growth.”

Kerri Ford, G2 Managing Director and Head of Technology and Business Services said, “G2 is honored to continue supporting the growing Thompson Safety platform and thrilled to see two high-integrity organizations come together to elevate the standard for full service fire and life safety.”