Chicago — Posen, Ill.-based Corporate Safe Specialists, Inc. has merged with FKI Security Group, L.L.C. (Fire King), a portfolio company of Pfingsten Partners, L.L.C.
Chicago — Posen, Ill.-based Corporate Safe Specialists, Inc. has merged with FKI Security Group, L.L.C. (Fire King), a portfolio company of Pfingsten Partners, L.L.C.
“The merger with Corporate Safe expands both company’s capabilities on a global scale,” says Philip Bradney, president and CEO of Fire King. “The two companies have long been recognized as premier manufacturers and service providers of security, safety and asset protection solutions. This enables both businesses to offer a more comprehensive product and service solution for customers.”
“This combination creates the nation’s premier cash security firm,” says Edward McGunn, president and CEO of Corporate Safe. “We are looking forward to partnering with Fire King to continue to provide the innovative products and solutions that our customers have come to expect.”
Fire King is a global manufacturer and national service provider of security, safety and asset protection products. Products include fire and impact-resistant file cabinets and safes, traditional and intelligent safes and digital video security systems. The company sells its branded and private-label products and services to a variety of retail end-users, commercial end-users and mass merchandisers.
The transaction closed on April 29, 2011. For more information on Fire King and Corporate Safe, visit www.fireking.com and www.corporatesafe.com.
Pfingsten Partners is an operationally focused private equity firm founded in 1989. Since then, Pfingsten Partners has acquired 77 manufacturing, distribution and business service companies and has over $1.2 billion of capital under management. For more information, visit www.pfingstenpartners.com.