Transaction Overview
- Represented Watershield Industries, LLC (“Watershield”), a portfolio company of B12 Capital Partners, Capital for Business, and Holleway Capital Partners, on its sale to HKW.
- Watershield is a manufacturer and distributor of fire and rescue equipment specializing in niche firefighting vehicles, apparatus, and mission-critical firefighting components including nozzles, valves, protective gear, tools and other related equipment.
- The Company serves municipal, wildland, and industrial end markets across North America through its multi-brand portfolio, which includes Weis Fire & Safety, S&H Products, and C&S Supply.
Drivers of Interest
- Multi-brand fire, rescue, and life-safety platform serving diverse markets, customers, and geographies across direct-to-consumer, government, distribution, OEM, and dealer channels.
- Increasing frequency and severity of fire events, underscoring the increased demand for firefighting equipment, protective gear, and suppression technologies.
- Stable, recurring revenue driven by the harsh conditions of firefighting environments accelerating the wear, damage, and loss of the components, systems, and protective gear.
- Longstanding relationships with diverse customers.
- Experienced, dedicated, and growth-minded leadership team.
- Proven acquisition platform with compelling organic growth initiatives.
- High-margin, low capex financial profile with a history of growth.
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