We are pleased to announce that SRP Advisors, LLC initiated the transaction and acted as financial advisor to ROM Corporation in connection with the acquisition of Fire Research Corporation. Based in Belton, MO, ROM designs and manufactures innovative niche products used in the trucking and transportation industries including shutter doors, scene lighting and compartment lighting used in fire safety and military vehicles; safety ramps, insulated bulkheads and trailer platforms used in delivery trucks and foodservice trailers; as well as professional roof racks for light commercial vehicles. Fire Research Corporation, based in Nesconset, NY, is a manufacturer of state-of-the-art equipment and solutions specifically designed for fire, rescue, and emergency service vehicles. FRC offers safety equipment, scene lighting, apparatus controls, instrumentation, displays, and other accessories essential for emergency responders. The acquisition will diversify ROM’s existing product line and serve to strengthen customer relationships with leading fire apparatus manufacturers and first responders.
This transaction extends the successful track record of SRP Advisors working with leading companies in the specialty vehicle components market.
|“The reputation of the FRC brand is unparalleled. The transaction allows both companies to share best practices and continue to develop market-leading products. The acquisition continues ROM’s long-term strategic initiative of growth through acquisitions, new product introduction, geographic expansion, and strategic partnerships.”
For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, LLC, please contact Sean Prendergast, Managing Partner at 818-936-2511.
About ROM Corporation
Based in Belton, MO, ROM Corporation specializes in building products that improve worker productivity and reduce workplace accidents associated with slips, trips, falls, and muscle strains. The company employs talented tradesmen, machinists, engineers, and sales and customer service professionals in 12 different states. ROM product solutions are marketed to emergency responders, truck and trailer operators, food and pharmaceutical manufacturers, telecommunication and utility workers, and other specialty vehicle occupations. ROM Corporation is a portfolio company of Century Park Capital Partners.
About Fire Research Corporation
Fire Research Corporation, founded in 1968 and based in Nesconset, NY, develops, manufactures, and distributes safety equipment, controls, instrumentation and displays, scene lights, and station accessories for fire rescue and emergency services vehicles. The company’s paddlewheel type flow sensor technology is now the standard used in fire pump plumbing for flow meters. Its innovative pressure governors and lighting products are used worldwide.
About SRP Advisors, LLC
SRP Advisors, LLC provides merger and acquisition advisory services to both buyers and sellers of middle market companies. SRP Advisors works with owners of private companies across all industry segments who might be interested in exploring alternatives for their company such as a full or partial sale of the business, an investment in the business from a private equity group, or a transition of ownership to management or the next generation of family. SRP Advisors also provides strategic acquisition advisory services for public, private and private equity sponsored companies looking to grow their business through mergers and acquisitions. Contact Sean Prendergast, Managing Partner at 818-936-2511.