Koorsen Fire & Security has acquired Auto-Tech Fire Systems, Inc.
Copper Run advised Koorsen Fire & Security – a leading fire and security company, headquartered in Indianapolis, Indiana and family owned for over 65 years. Koorsen hired Copper Run in the summer of 2013 to target small to mid-size acquisitions in the Midwest and South.
Koorsen Fire & Security has acquired the assets of Auto-Tech Fire Systems in Akron, Ohio and Valley Fire in Dover, Ohio. Both companies are owned by Bob and Cathy Park and have been serving Northeast Ohio and Western Pennsylvania for nearly two decades. These companies have been leading dealers for fire alarm systems, sprinkler systems, clean agent, dry chemical, and liquid chemical fire suppression systems in the Dover/Akron area. From small barbershops to national aerospace companies, their professional technicians and sales people have built a firm foundation in their industry.
“Bob and Cathy chose Koorsen as the best fit for their employees and clients because we would continue to strengthen the family that has grown within the Northern Ohio companies. Though Bob and Cathy will be retiring after the acquisition is complete, we are pleased to welcome the 28 new associates who will be joining Koorsen. This acquisition builds on Koorsen’s continued growth strategy throughout the Midwest. Auto-Tech’s current employees and clients now have the strength and backing of Koorsen’s wide ranging products and services” says Randy Koorsen, President and CEO of Koorsen Fire and Security.
“The Auto-Tech/Valley Fire culture, capabilities and client portfolio directly align with Koorsen’s business,” said Scott Chapman, partner at Copper Run Capital who represented Koorsen on the transaction. “Koorsen continues to increase their commitment to delivering the highest quality fire and security services available in the market. The transaction expands Koorsen’s market reach into Northeast Ohio. It was a pleasure getting to know Bob Park and seeing the great connection with the Koorsen team. Bob Park was looking for a buyer who would really take care of their customers and employees. As a family-owned business, Koorsen was a great match and cultural fit.”