Jul 11, 2018
Overland Park-based safety and compliance company, Fire Door Solution acquired Premier Barrier Management who specializes in fire stopping inspection and remediation services.
The acquisition is the second this year for Fire Door Solution, who recently opened a new office in Nashville. Premier Barrier is also headquartered in Nashville, where the company has developed a strong presence in the health care market. Less than a year ago, Fire Door Fire acquired Trinity Fire Partners in Wake Forest, N.C., a provider of fire door inspection, repair and recertification.
"They're a premier fire stopping company, which we also offer, but we've had more expertise on fire doors," stated Fire Door CEO Jeff Perry "So they will really expand our ability to offer a complete fire stopping service for the health care industry. They also focused heavily on the East Coast, where we are heavily focused on the West Coast, which was also a big driver for making this acquisition."
Four months ago, Fire Door agreed to a long-term strategic partnership with Life Safety Consortium LLC, where each company bought a minority stake in the other. Life Safety is an architecture firm that specializes in putting together life-safety plans for health care facilities.
These strategic moves are spurred by recapitalization investment made by Emigrant Capital Corp. The overall plan is to increase Fire Door's revenue from about $17 million at the end of 2017 to about $50 million by mid-year 2020.