New York – The Riverside Company (Riverside), a global private investor focused on the smaller end of the middle market, has invested in Allied Safety Services (Allied), a fire protection business in Indianapolis, Ind. This investment represents the 22nd add-on to Riverside’s CertaSite platform, a commercial fire protection and life safety company.
“With more than 50 years of experience in Indiana, Allied’s reputation and suite of services augment CertaSite’s business and align with our growth strategy in the Midwest,” said Riverside Micro-Cap Fund (RMCF) managing partner, Loren Schlachet. “We will also have the opportunity to blend Allied’s knowledge base with our technology-based platform to offer new product lines and consistently provide value for customers. We’re pleased to welcome the Allied team to the CertaSite family.”
“This deal follows the September 2023 completion of CertaSite’s add-on acquisition of Eastman Fire Protection and underscores the company’s continued growth,” said RMCF partner, John McKernan. “This also marks CertaSite’s third add-on in its home state of Indiana, which aligns with our comprehensive growth strategy for the company.”
Working with Schlachet and McKernan on the deal for Riverside were Vice President Kenneth Johnson, Associate Caitlin McGrath, Analyst Reece Quigley, Finance Director Alvin Tan and Operating Partner Cathy Skula. Partner of Origination Cheryl Strom sourced the deal for Riverside.
