Benchmark International has successfully facilitated a transaction between Pinnacle Fire Systems, Inc. ("Pinnacle"), based in Apex, NC, and The Hiller Companies ("Hiller"), headquartered in Mobile, AL. This significant transaction marks an important milestone in the fire protection and life safety industry, particularly in the Southeast United States.
Pinnacle Fire Systems, Inc. was founded in 2001 to offer comprehensive alarm safety solutions within the Raleigh/Durham area. The company specializes in providing total fire protection services from installation to maintenance, specifically catering to commercial, healthcare, and multifamily buildings. The acquisition by Hiller, a company with an extensive global presence and a commitment to preserving lives and property, is set to enhance Pinnacle's service capabilities and market reach.
The Hiller Companies provide a wide array of fire protection and life safety products and services, extending their reach both domestically and internationally. With offices across the United States, Hiller is dedicated to ensuring the safety and protection of people and property worldwide. This acquisition aligns with Hiller's mission to be responsible stewards of their assets and influence, further solidifying their position in the fire safety market.
William Sullivan, Senior Transaction Director at Benchmark International, commented on the transaction, highlighting the strategic fit between the two companies. "Pinnacle's owners, Rick Shores and Bart Arthurs, came to Benchmark International after having built a great company in a consolidating segment but were unsure of what valuation to seek from the market. Benchmark International's strong transactional history in the sector allowed us to achieve an outcome well over initial client expectations. We believe that Hiller is the perfect home for this great business, and we're exceedingly happy with the result for our great founder team."
This transaction is not just a routine business deal; it has broader implications for the fire protection and life safety industry. By joining forces, Pinnacle and Hiller are positioned to offer enhanced services and innovative solutions to their clients. The consolidation also reflects a growing trend in the industry, where companies are seeking strategic acquisitions to bolster their market positions and expand their service offerings.
The successful facilitation by Benchmark International underscores their expertise in the M&A sector, particularly in transactions involving fire protection and life safety services. Their ability to achieve outcomes that exceed client expectations further cements their reputation as a leading M&A advisory firm.
As the fire protection and life safety industry continues to evolve, strategic transactions like this one will play a crucial role in shaping the future landscape. The combined strengths of Pinnacle and Hiller are expected to drive innovation, improve service delivery, and ultimately enhance safety standards across various sectors.
