Pfingsten has refinanced FireKing
Lincoln International (“Lincoln”), a leading global mid-market investment bank, announced the successful completion of a financing for FKI Security Group, LLC (“FireKing”), a portfolio company of Pfingsten Partners, L.L.C. (“Pfingsten”). FireKing is a manufacturer of security, safety and asset protection products, such as fire- and impact-resistant file cabinets and safes, traditional and intelligent safes, and digital video security systems. FireKing also delivers customer support and repair services for its products via a nationwide service network.
Lincoln acted as financial advisor to Pfingsten and FireKing in connection with FireKing’s financing, which consisted of senior secured debt financing provided by PNC Business Credit and Medley Capital Corporation. Proceeds from the transaction were used to refinance existing indebtedness, to support FireKing’s strategic growth plan and to fund the Company’s ongoing working capital requirements.
As FireKing’s financial advisor, Lincoln International worked closely with Pfingsten and FireKing’s management team to structure, arrange and negotiate the financing.
Thomas Bagley, Founder and Senior Managing Director of Pfingsten, commented, “We are very pleased to have partnered with Lincoln on this financing. Lincoln helped us explore multiple structural options, executed a high quality process and assisted us in securing two excellent financial partners to support FireKing’s growth and development.”
About FireKing
Based in New Albany, Indiana, FireKing is one of the premier security and loss prevention companies, offering a broad array of innovative products designed specifically to protect customers’ assets, people and vital business records. FireKing offers best-in-class security products for asset protection in retail, commercial and home office environments. Its breadth of products includes fireproof files and storage cabinets, safes and cash management systems and digital video security systems. FireKing’s industry-leading solutions, along with world-class customer service and product support, enable business continuity and operational efficiencies for companies large and small. For more information on FireKing, please visit: www.fireking.com.
About Pfingsten
Pfingsten is an operationally focused private equity firm formed in 1989. From its headquarters in Chicago, and its representative offices in Chang’an, China and New Delhi, India, Pfingsten builds better businesses through operational improvements, professional management practices, global capabilities and profitable business growth. For more information on Pfingsten, please visit: www.pfingsten.com.
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