SOURCE: The March Group

January 11, 2010 17:25 ET

The March Group: APi Group, Inc. Acquires Island Fire Sprinkler, Inc.

CORAL SPRINGS, FL--(Marketwire - January 11, 2010) - The March Group, a leading private mergers and acquisitions advisory firm specializing in the sale of middle-market businesses, announced today that APi Group, Inc. acquired Island Fire Sprinkler, Inc. The March Group introduced its client, Island Fire Sprinkler, to APi in May and the purchase was finalized in November.

Island Fire Sprinkler is a full-service sprinkler contractor that specializes in the design and installation of fire suppression piping systems for the high-rise markets of New York City. APi Group currently owns 17 fire protection and low-voltage companies.

"I am very excited to have Island Fire Sprinkler join APi Group and its affiliated companies," said Brian McMahon, president of Island Fire Sprinkler. "I'm sure that APi will enable us to provide another level of service to our clients and also help us expand our capabilities."

McMahon, a licensed master fire suppression contractor, founded the company in 2003. With an established network of local general contractors and an in-depth knowledge of the top union talent, McMahon brought in more than $3.5 million during the first year of business. Since then, Island Fire Sprinkler has continued its revenue growth and become a recognized leader in the Metro New York area.

"While many organizations expressed interest in Island Fire Sprinkler, The APi Group provided the best match," said The March Group Managing Director Lynn von Hollander, who spearheaded the deal. She added, "APi is a highly respected national player that wanted to expand into a major U.S. market. Facilitating such a good marriage so quickly is a great accomplishment and a testament to The March Group's extraordinary resources and capabilities."

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About The March Group:

Founded in 1986, The March Group is headquartered in Coral Springs, Florida, and has offices throughout the United States and worldwide. The company employs over 200 professionals and has built a dynamic network of business contacts all over the globe. The March Group specializes in the marketing, negotiation and sale of privately held middle-market businesses. The March Group has successfully helped hundreds of business owners sell their companies by connecting them with buyers.

About Island Fire Sprinkler:

Headquartered in a 4,000-square-foot facility in Bohemia, N.Y., Island Fire Sprinkler provides computer-aided design of wet, dry and pre-action systems; and installation services for new construction, interior fit-out and renovation projects. The company also maintains a facility in Maspeth, Queens. It is a union-affiliated fire sprinkler contractor signed with Local Union 638 Steamfitters and the Metal Trades division. For more information, visit www.islandfirespk.com.

About APi Group:

APi Group is the holding company of more than 32 independently managed companies with about 9,000 employees in 150 international locations. It provides customer-driven services by leveraging common resources and shared experiences, and by building a safer environment through life safety, industrial and specialty construction industries. The APi Group helps malls, hospitals, hotels, universities, airports and others to design and complete their dream projects. For more information, visit www.apigroupinc.com.

Contact Information

  • Contact:

    Kelli Matonak
    Corporate Marketing Director
    The March Group
    (954)282-3336
    Email Contact