MAC Systems (www.macsystems.co) has been acquired by Summit Companies (CI Capital Partners). The buyer, Summit Companies, is a leading provider of fire life safety services designed to protect buildings, assets and people all across the US. ClearRidge advised the owner of MAC Systems on the sale.
MAC Systems serves Oklahoma, Arkansas and Texas and from its two locations in Tulsa and Oklahoma City. MAC Systems was founded in 1989 and designs, installs and maintains fire, security and communication systems for retail and commercial customers. MAC also provides 24-hour monitoring, testing and inspection of these systems.
Drake McDannold of MAC Systems stated, “MAC Systems was built on a culture of hard work and excellence, with a customer-first approach. Summit approaches business the same way, and I am confident our customers will continue to receive great service while getting access to more resources and offerings. Our employees will have a great future ahead of them as they join the Summit team.”
Summit’s approach to acquisitions is centered on organizational alignment to ensure the continued success of both employees and customers. “MAC Systems is a well-established business with excellent teams, and it was clear from the beginning that they will be a great addition to our growing business,” stated Jeff Evrard, CEO of Summit Companies.
Terms of the transaction are not disclosed.
About Summit Companies
Summit Companies is a premier fire and life safety company with an expanding national presence in the United States. The company has expertise across the entire spectrum of fire and life safety categories, including: fire extinguishers; extinguishing agents; pre-engineered kitchen, industrial and vehicle suppression systems; special hazard suppression systems; fire sprinkler systems; fire alarm systems; and security monitoring systems. In addition to its commitment to the design, installation, maintenance, and monitoring of these fire and life safety systems, Summit Companies is also engaged in the practice of fire protection engineering and risk management consultancy. Summit Companies is owned by management and CI Capital Partners.
About ClearRidge
ClearRidge was founded in 2008 to help business owners make better strategic decisions; to provide the owners of midsized private companies with an outsourced team of industry-leading finance and transaction professionals. Leveraging decades of experience successfully completing complex transactions, you benefit from discreet, professional and effective planning, preparation and representation in the proposed sale or recapitalization of your company.
For recent transactions, please visit clearridgecapital.com/recent-transactions/.
