JOPLIN Mo., July 24, 2024 – Marmic Fire & Safety® (“Marmic”), a leading fire and life safety services company, announced today that it has been acquired by KKR, a leading global investment firm, from Palo Alto, CA-based HGGC.
With a history that goes back to 1951, Marmic has grown from a third-generation family business to one of the country’s largest self-performing fire protection service companies. An extensive and deepening local network that includes over 1,000 dedicated professionals provides comprehensive service to customers in environments that include commercial, industrial, multi-family, education, government, and healthcare end-markets, among others.
“We thank HGGC for their strong support and are excited about what our new strategic partnership will mean for our growing team of professionals,” said Greg Bochicchio, CEO of Marmic. “With the support of KKR’s deep experience and resources, we’ll continue to build on our momentum, investing in our people and business to do more for customers across the nation.”
The strategic partnership with KKR comes during a period of remarkable growth for Marmic. Over the past 18 months, the Company has made a number of strategic investments, significantly expanding its professional staff, footprint and comprehensive service capabilities.
“For over 70 years, Marmic has been a trusted provider to its customers, helping them prevent life-threatening incidents and ensuring the safety of thousands of people across the U.S. We have been extremely impressed by the Company’s ability to grow its footprint while maintaining its commitment to best-in-class service and technical expertise,” said Brandon Brahm, Partner at KKR and Co-Head of KKR’s Ascendant strategy. “We look forward to working with Greg, the leadership team, and all of the employees at Marmic as we embark on this new and exciting chapter in the Company’s growth.”
KKR will support Marmic in implementing a broad-based employee ownership program. “This initiative is a testament to our commitment to all of our team members, allowing them to participate in the benefits of ownership of the Company,” said Bochicchio.
Marmic will be maintained as an independent company backed by KKR.
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About Marmic
Marmic is a leading provider of high-quality, end-to-end fire and life safety services. As one of the largest self-performing fire protection service companies in the country, Marmic’s more than 1,000 team members install, inspect, and repair critical systems in thousands of clients’ properties including corporate and industrial locations, healthcare facilities, educational institutions, retail establishments, and more. Marmic takes pride in a long and rich history of protecting lives and property in our communities since 1951.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
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For Marmic
Carrie Gerbitz
(417) 627-5640
For KKR
Julia Kosygina or Emily Cummings
(212) 750-8300
