
Riverside鈥檚 on Fire with Latest Add-Ons to CertaSite Platform
米兰体育, a global private equity firm focused on the smaller end of the middle market, has invested in Milwaukee-based Starfire Systems, Inc., and Starfire Extinguisher, Inc. (collectively known as Starfire). The investment is an add-on to Riverside鈥檚 CertaSite platform, a fire and life safety platform that is committed to the highest levels of customer service, responsiveness, building safety and code compliance.
CertaSite goes beyond compliance, focusing on partnerships and professionalism while providing customers a simplified and dependable solution to managing all of the fire protection and life safety systems in commercial buildings. Starfire provides repeating inspection, repair and maintenance services for existing fire and life safety systems as well as installation services for new construction and retrofits.
鈥淲e are thrilled to be working with the Starfire team, and this partnership allows us to expand CertaSite鈥檚 geographic reach,鈥� said Riverside Managing Partner Loren Schlachet. 鈥淲e look forward to scaling this critical platform, building upon the company鈥檚 already strong relationships within the Milwaukee market.鈥� 聽
CertaSite is another example of Riverside鈥檚 commitment to investing in the business services industry. To date, the firm has completed more than 250 investments in this area and has a team of global experts dedicated to growing companies in this specialization.
鈥淲ith this partnership, we look forward to expanding CertaSite鈥檚 breadth of capabilities,鈥� said Riverside Principal John McKernan. 鈥淎dditionally, we continue to look for additional add-ons for full-service fire protection companies, specializing in the inspection, monitoring, repair and maintenance and design of fire and life safety equipment including extinguishers, sprinklers, alarm systems, suppression systems and other fire and life safety systems.鈥�
To date, CertaSite has now invested in 10 fire protection and life safety companies and is actively engaged in bringing new businesses under the CertaSite umbrella. The CertaSite family includes: Advanced Fire (Pennsylvania), ABC Fire Extinguisher Co. (Ohio); Approved Protection Systems (Michigan); Approved Safety and Security (Indiana); Company One Suppression (Illinois and Iowa); County Fire Protection (Ohio); Erlich Fire Protection (Michigan); Field鈥檚 Fire Protection (Michigan); and Spears Fire & Safety (Michigan).
Working with Schlachet and McKernan on the deal were Assistant Vice President Kenneth Johnson, Analyst Caitlin McGrath, Finance Director Bart Thielen and Operating Partner Ervin Cash.聽Regional Director of Origination Cheryl Strom sourced the deal for Riverside.
