Prairie Capital partnered with founders Dan Chauvin and George Aguiar and senior management to recapitalize NSG Life Safety (“NSG”) and Norel Services Company (“Norel”) (collectively “NSG-Norel” or the “Company”). Headquartered in Boston, MA, NSG-Norel is an end-to-end system integrator and ongoing services provider of fire & life safety (“FLS”) and security solutions for clients across healthcare, education, government, industrial, commercial and residential end markets.
NSG was founded in 2017 and specializes in mission-critical security and FLS solutions supported by unique in-house design & engineering capabilities and ongoing maintenance services. Founded in 1974, Norel provides highly reoccurring FLS services including mandatory test, inspection & certification (“TIC”), monitoring services and system component replacements and repairs. Combined, NSG-Norel enjoys industry-leading client satisfaction and is renowned for being a one-stop solution partner across system design, integration and 24/7 maintenance, monitoring and support.
The domestic FLS and security solutions markets are large and growing. The FLS industry is highly regulated and characterized by recurring, reliable TIC services and rising smart system maintenance. The security design, integration and maintenance market is increasingly tech-enabled and software-driven with growing demand for unified platforms supported by recurring managed services. Together, these sectors are resilient driven by FLS code and compliance demand combined with non-discretionary security spend. NSG-Norel’s strong technical expertise and exceptional support across FLS and security segments uniquely position the Company to maintain longstanding client relationships while attracting new customers.
Prairie partnered with the founders and senior management to accelerate the growth of NSG-Norel through company-building investments in human capital, sales & marketing, technology, new services and add-on acquisitions.
For more information on NSG-Norel and/or any add-on acquisition opportunities, please contact:
Jeff Vranek at jvranek@prairie-capital.com
Chris Killackey at ckillackey@prairie-capital.com
Pat Hynes at phynes@prairie-capital.com