Why We Like It Podcast | Fire and Security Gold Rush: Inside One of the Fastest-Consolidating Sectors in the Lower-Middle Market

Originally published by “Why We Like It” on June 5, 2026.

The fire and life safety sector continues to heat up, with 240+ total transactions in 2025. Lincoln International’s Business Services Group has advised on several landmark deals, including the sale of Guardian Fire Services to Investcorp and Altus Fire and Life Safety to Apax.

Luke Webb, Managing Director & Co-Head of Business Services, U.S., joined the “Why We Like It” podcast to explore the influx of capital and how much runway remains in the consolidation wave.

Listen to the episode.

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