The Riverside Co. has invested in fire protection service provider Basic Fire & Safety as an add-on to its fire and life safety platform, Performance Systems Integration. Based in Portland, Oregon, PSI is a provider of fire and life safety services in the Pacific Northwest. The company provides customers with fire and life safety services including system inspection, service and monitoring, equipment sales and cylinder repairs, as well as installations for new construction and retrofits.
BFS provides customers in Washington state with a variety of fire protection services, including fire extinguisher part sales, inspections, and service.
“This is our second add-on to PSI for the year as we continue to follow through with our aggressive add-on strategy for the platform,” Riverside Managing Partner Loren Schlachet said in a statement. “BFS complements PSI nicely and will help further expand PSI’s presence in the Washington market.”
PSI CEO Travis Everton added: “We’re delighted to partner with such a customer-focused team as we continue to grow PSI’s geographic footprint. Together, we will be able to offer more services and support to better serve customers and will continue building upon the strong business BFS has built over the years.”
PSI commits to delivering customers customer service through its “single-point-of-management” compliance services and solutions for fire protection and life safety needs. The company operates in partnership with Fire King, specializing in fire extinguisher sales and service, cylinder requalification and maintenance and general fire protection services in western Washington.
“Both BFS and PSI share a common vision, focused heavily on providing superior services for their customers,” said Riverside Principal John McKernan in a statement. “We look forward to working with the BFS team and will continue our search for customer-oriented fire protection companies with strong technicians and a specialized focus in the fire and life safety space.”
Working with Schlachet and McKernan on the deal were Senior Associate Liz Burke, Analyst Aakeem Andrada, Operating Partner Ervin Cash and Finance Director Bart Thielen.
