Pacific Avenue Capital Partners Approved to Acquire Kidde-Fenwal Business

Pacific Avenue Capital Partners, a private equity firm located in Los Angeles, announced its successful bid to purchase the assets of Kidde-Fenwal, Inc., a leading provider of fire suppression systems. This move was sanctioned by the United States Bankruptcy Court for the District of Delaware. Kidde-Fenwal is renowned for its robust distribution network and OEM relationships across various markets worldwide. Its operations encompass locations in the United States, United Kingdom, and India.

Kidde-Fenwal brands, Kidde Fire Systems and Fenwal Controls, are market leaders in producing fire suppression and control systems for industrial, commercial, and marine sectors, and offer a variety of products for gas ignition and temperature control. Pacific Avenue's acquisition underlines its skill in handling complex transactions and executing strategic carve-outs. The firm plans to leverage Kidde-Fenwal's engineering prowess to enhance its market position in fire safety.

James Oh and Chris Sznewajs from Pacific Avenue shared their enthusiasm for the acquisition, highlighting the strategic opportunities it presents for growth in the fire suppression market. The transaction, anticipated to close in the third quarter, will be funded through Pacific Avenue Fund I, L.P. Stifel, Nicolaus & Company, Incorporated and Raines Feldman Littrell LLP provided financial and legal advice respectively.