NEW YORK: KKR, a leading global investment firm, has announced the acquisition of Potter Global Technologies, a leading manufacturer of fire and life safety equipment, from Gryphon Investors. The deal terms were not disclosed.
Potter, based in St. Louis, Missouri, is a trusted global provider of fire safety and emergency communication equipment used by thousands of customers across diverse end markets. Potter’s products are used for monitoring fire safety systems, detecting fires and other life-threatening events, and notifying and communicating with building occupants and first responders.
KKR plans to support Potter in its continued growth organically and through add-on acquisitions. KKR will also implement a broad-based employee ownership program to allow all of its employees to participate in the benefits of ownership of the Company.
“Potter’s growth is a testament to the performance of our talented team and to our reputation as a leader in the fire and life safety industry. We are excited to continue furthering this mission with KKR,” said Gerry Connolly, CEO of Potter Global Technologies.
Potter Global Technologies is the latest investment for KKR’s Ascendant Strategy, which invests in middle market businesses in North America. Other investments in the Ascendant strategy include Alchemer, 123Dentist, Industrial Physics and a commitment to fund a new executive-led platform designed to acquire and build businesses in the Testing, Inspection, and Certification industry.
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