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Private Equity
snowphipps.com

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Investments

3

Portfolio Exits

9

Funds

4

Service Providers

2

About Snow Phipps Group

Snow Phipps is a New York-based private equity firm founded by Ian Snow and Ogden Phipps that seeks to acquire middle market businesses.

Snow Phipps Group Headquarter Location

667 Madison Avenue 18th Floor

New York, New York, 10065,

United States

212-508-3300

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Latest Snow Phipps Group News

AI Fire Gains Momentum with Four New Acquisitions

Jan 11, 2022

Recent additions of leading fire and life safety services firms bolsters national reach Download January 11, 2022 08:54 AM Eastern Standard Time NEW YORK--( BUSINESS WIRE )-- TruArc Partners , a private equity firm focused on the middle market, today announced a series of successful acquisitions completed by portfolio company AI Fire , a leader in fire protection and life safety services. AI Fire partnered with the TruArc team in March 2021. With TruArc’s support, AI Fire has accelerated a buy-and-build strategy designed to fuel the company’s growth and expand its geographic footprint to service national, regional, and local customers all under one umbrella. AI Fire has acquired the following companies since the partnership with TruArc in March: Blackstone Fire Control and FESS Fire Protection which established a new regional footprint in the Carolinas, TEC Control Systems which increased density in the New England market and BCI Technologies in Dallas which expanded its low voltage service offering to national account customers. The investment in AI Fire is led by TruArc Partners with a minority interest held by Snow Phipps Group. “We’ve been fortunate to be able to join forces with so many great companies in our industry to expand our capabilities and geographic presence this year,” said Michael Lloyd, Chief Executive Officer, AI Fire. “Our strategy of bringing quality professionals in fire and life safety together will allow us to provide comprehensive services to a wider variety of clients across the country. TruArc’s deep knowledge of our industry and resources have been instrumental to accelerating our growth strategy.” In less than a decade, AI Fire has become one of the preeminent fire and life safety companies nationwide, focused on protecting personnel and property. AI Fire serves the market through its Impact Fire branded local offices and vendor-managed, national account offering via Academy Fire. The Company provides inspection, maintenance, repair, and installation of fire sprinklers, fire alarms, fire suppression, portable fire extinguishers, and special hazard systems to national chains and the healthcare, industrial, education, commercial and hospitality industries. Several members of its senior leadership team have been working together for more than fifteen years. AI Fire serves clients nationwide with local offices in the Northeast, Texas, California, Mountain West, and the Southeast and is looking to further expand nationally. “We look forward to continuing to support AI Fire’s transformational growth through both strategic and operational initiatives,” said Brandon Kiss, Partner at TruArc Partners. “We see exciting opportunities for the Company, including the continued acceleration of their buy-and-build strategy, supporting their technical teams on the ground and expanding their national service model.” TruArc supports transformational growth by partnering with dedicated senior executives and strong management teams to employ active strategic and operational management, including pursuing strategic add-on acquisitions. Together, they draw on comprehensive research, extensive networks, and hands-on experience to create growth opportunities for portfolio companies. Commercial and Industrial Business Services are core areas of investment focus for TruArc. Terms of the transactions were not disclosed. About AI Fire AI Fire is a fire and life safety service provider to both national accounts via a vendor partner network and local and regional customers through its self-employed technicians. The Company performs routine inspections, repair services, and system installations and services national chains and the hospitality, healthcare, industrial, education, and other commercial industries. The Company was founded in 2009 and has over 25 district offices across 13 states. For more information, visit www.aifire.com . About TruArc Partners TruArc Partners is a private equity firm focused on middle-market control investments of target platforms ranging from $100 million to $500 million in enterprise value. TruArc generally focuses on companies in attractive sub-sectors across Specialty Manufacturing and Business Services. The TruArc investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy often led by organic or acquisition-driven growth. To learn more about TruArc visit https://truarcpartners.com/ . About Snow Phipps Snow Phipps is a private equity firm focused on lower middle-market control investments with $2.4 billion of total capital commitments raised since its founding in 2005. The firm pursues a strategy of active strategic and operational management by partnering with dedicated senior executives and strong management teams. Snow Phipps targets companies where there are multiple organic and inorganic opportunities to pursue transformational growth within attractive sub-sectors across Specialty Manufacturing and Business Services. Contacts

Snow Phipps Group Investments

3 Investments

Snow Phipps Group has made 3 investments. Their latest investment was in DecoPac as part of their Recap on October 10, 2017.

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Snow Phipps Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/3/2017

Recap

DecoPac

Yes

1

12/18/2008

Growth Equity

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$99M

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10

3/31/2006

Private Equity

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10

Date

10/3/2017

12/18/2008

3/31/2006

Round

Recap

Growth Equity

Private Equity

Company

DecoPac

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

Snow Phipps Group Portfolio Exits

9 Portfolio Exits

Snow Phipps Group has 9 portfolio exits. Their latest portfolio exit was Brook & Whittle on November 19, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/19/2021

Acq - Fin - II

1

5/17/2021

Acq - Fin

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10

2/25/2020

Acq - Fin - IV

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10

7/17/2017

Acq - Fin - III

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10

2/1/2017

IPO

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10

Date

11/19/2021

5/17/2021

2/25/2020

7/17/2017

2/1/2017

Exit

Acq - Fin - II

Acq - Fin

Acq - Fin - IV

Acq - Fin - III

IPO

Companies

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Valuation

Acquirer

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Sources

1

10

10

10

10

Snow Phipps Group Acquisitions

26 Acquisitions

Snow Phipps Group acquired 26 companies. Their latest acquisition was AI Fire on March 23, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/23/2021

$99M

Acq - Fin - II

2

9/30/2020

$99M

Acq - Fin - II

2

9/18/2018

$99M

Acq - Fin

1

10/18/2017

Private Equity

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$99M

$99M

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10

8/2/2017

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$99M

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10

Date

3/23/2021

9/30/2020

9/18/2018

10/18/2017

8/2/2017

Investment Stage

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin - II

Acq - Fin - II

Acq - Fin

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Sources

2

2

1

10

10

Snow Phipps Group Fund History

4 Fund Histories

Snow Phipps Group has 4 funds, including Snow Phipps III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/17/2016

Snow Phipps III

Buyouts & Acquisitions

Closed

$809.5M

1

7/31/2011

Snow Phipps II LP

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$99M

10

9/5/2007

Snow Phipps Group LP

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$99M

10

TruArc Fund IV

10

Closing Date

11/17/2016

7/31/2011

9/5/2007

Fund

Snow Phipps III

Snow Phipps II LP

Snow Phipps Group LP

TruArc Fund IV

Fund Type

Buyouts & Acquisitions

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Status

Closed

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Amount

$809.5M

$99M

$99M

Sources

1

10

10

10

Snow Phipps Group Service Providers

2 Service Providers

Snow Phipps Group has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin - II

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - Fin - II

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Snow Phipps Group Team

7 Team Members

Snow Phipps Group has 7 team members, including current Chief Executive Officer, Ian K. Snow.

Name

Work History

Title

Status

Ian K. Snow

Chief Executive Officer

Current

Steven Schwinger

Chief Financial Officer

Current

Philip S Kemp

Managing Director

Current

Gary Spitz

Managing Director

Current

Alan H Mantle

Investment Partner

Current

Name

Ian K. Snow

Steven Schwinger

Philip S Kemp

Gary Spitz

Alan H Mantle

Work History

Title

Chief Executive Officer

Chief Financial Officer

Managing Director

Managing Director

Investment Partner

Status

Current

Current

Current

Current

Current

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