Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has partnered with management to acquire Joplin, Missouri-based Marmic Fire & Safety Co. (Marmic), a provider of fire suppression installation and inspection services, hazard analysis, and fire and personal safety products. Terms of the transaction were not disclosed.
Marmic (www.marmicfire.com) is a leading commercial fire and life safety platform in the midwestern United States. The Company provides recurring inspection, test, and maintenance services conforming to OSHA mandates, government codes, and NFPA standards. Marmic also offers sales, installation and repair of a large selection of fire safety products and fire suppression and security systems.
According to Michael Teeter, third-generation founder and owner, “We are thrilled to be working with Thompson Street Capital Partners to continue to strengthen the range and quality of services we offer our customers while also expanding our geographic footprint to more effectively reach our customer base.”
Said Jeff Aiello, Director, TSCP, “Thompson Street has spent more than a year researching the fire and life safety industry and evaluating numerous potential acquisition targets, and Marmic is a clear leader in this space, with a well-earned reputation for integrity, quality, and customer service. We look forward to our partnership with Michael Teeter, who will continue to run the business, as well as the rest of the Marmic management team.”