The Riverside Company Sparks Growth with Investment in Accurate Fire Equipment

The Riverside Company, a global investment firm focused on the smaller end of the middle market, has invested in Accurate Fire Equipment (Accurate), a provider of repeating and non-repeating fire and life safety (FLS) services for fire extinguisher and fire suppression systems as an add-on to Riverside’s Relay Fire and Safety (Relay) platform. Relay provides life and safety system solutions for people and commercial properties throughout the Mid-Atlantic and Northeast.

Accurate is headquartered in Franklin Square, New York, and provides fire suppression and fire extinguisher service, inspections, monitoring, installations and related product sales to commercial customers in the New York metropolitan area.

“Accurate strengthens Relay’s presence in the New York City metro area, Relay’s largest target market, and builds on our previous acquisition in the region,” said Riverside Managing Partner Loren Schlachet. “The combination of Accurate and Relay will open up multiple new growth opportunities for the Relay platform.”

The combined business will drive growth by cross-selling services across the total customer base, investing in sales and marketing initiatives and enhancing technician training. Relay is committed to delivering high-quality customer service through its ‘single-point-of-management’ compliance services for all fire and life safety inspection, repair and installations in the Northeast and Mid-Atlantic.

This investment is another example of Riverside’s expertise in the Business Services sector. Riverside has invested in more than 390 platform and add-on companies in the business services sector since 1988 as part of its private equity and flexible capital strategies.

“We’re pleased to welcome Accurate to the Relay team,” added Riverside Partner John McKernan. “We’ll continue to pursue similar customer-focused fire protection companies with strong technicians and specializations in inspection, repair, maintenance and monitoring of fire and life safety equipment.”

Working alongside Schlachet and McKernan on this transaction were Riverside Vice President Sara Passani, Assistant Vice President Henry Sun, Analyst Aneesh Bafna, Operating Partner Shaun Kelley and Finance Director Kyle Anderson. Origination Partner Cheryl Strom helped source the deal for Riverside.