Europe
United States
Cobepa Closes Acquisition of Eagle Fire, a Leading Provider of Fire & Life Safety Services
New York, NY; Brussels, Belgium – July 16th, 2025 - Cobepa S.A. is pleased to announce the closing of its acquisition of Eagle Fire, a leading provider of fire & life safety (“FLS”) services catering to high-complexity end markets. Cobepa completed the acquisition in partnership with management, led by CEO Raymond (Ray) Clarke. Previous majority owner Rosewood Private Investments remains a meaningful investor in the business.
Richmond, VA – 7/16/2025 – Founded in 1987, Eagle Fire has established itself as a mission-critical service provider across complex, non-discretionary end markets including education, data centers, and healthcare. The Company delivers a comprehensive suite of regulatory-driven FLS services—including testing & inspection, service, repair, retrofit, and system installation. Eagle Fire has grown to serve over 4,500 customers annually across seven states in the southeastern U.S.
Eagle Fire represents a compelling investment opportunity due to its proven technical expertise in mission-critical environments. CEO Raymond Clarke, who joined Eagle Fire in 2006, has helped build Eagle Fire’s reputation for best-in-class services across the most challenging settings and assignments. With Cobepa’s investment and resources, Eagle Fire aims to accelerate its impressive track record of both organic and inorganic growth.
“We are better positioned than ever to achieve sustainable growth over the long term with Cobepa as an investment partner,” said Raymond (Ray) Clarke, President / CEO of Eagle Fire. “The Cobepa team’s values and culture align well with our own. Cobepa’s resources and approach will help Eagle Fire expand its geographic reach and further grow our capabilities to better serve our current and future customers”.
“Cobepa’s investment in Eagle Fire is a testament to the strength of Ray and his team’s people-first mindset and proven track record of exceeding customer expectations. We share a common vision for the future of the business, and believe Cobepa’s experience, network, and capital will enable Ray and his team to achieve these shared goals. We couldn’t be more excited to partner with the team for this next phase of Eagle Fire’s growth,” said Andrew Hollod, Managing Director North America for Cobepa.
"We’re thrilled with Eagle Fire’s success and deeply grateful for the dedication and leadership of Ray and the entire management team," said Derry Burns, Managing Director at Rosewood Private Investments. “We remain highly optimistic about Eagle’s future and look forward to supporting Cobepa and the Eagle Fire team in driving continued growth and industry-leading performance.”
Citizens served as lead financial advisor to Eagle Fire with William Blair serving as co-advisor. Harris Williams served as financial advisor to Cobepa. Foley & Lardner LLP acted as legal advisor to Eagle Fire and Rosewood Private Investments. Weil, Gotshal & Manges LLP acted as legal advisor to Cobepa.
About Eagle Fire
Founded in 1987 and headquartered in Richmond, VA, Eagle Fire is a leading provider of recurring inspection, testing, maintenance, and installation of fire protection systems to industrial, commercial, and government customers across the Southeast. Eagle Fire presently serves customers out of 22 offices in Virginia, Maryland, North Carolina, South Carolina, Tennessee, Georgia, and Alabama. Visit www.eaglefire.com to learn more.
About Cobepa
Cobepa is an independent, privately held investment company with offices in New York and Brussels. Cobepa manages a diverse portfolio of private equity investments representing approximately $5.3 billion of equity capital. Cobepa invests in leading companies with superior business models, sustainable market positions, and leading management teams. In the U.S., Cobepa is primarily focused on investments in the healthcare, business services, and tech-enabled services sectors. For more information, visit www.cobepa.com.
About Rosewood Private Investments
Rosewood Private Investments is the private equity arm of The Rosewood Corporation. The corporation is a multi-billion dollar family-owned enterprise headquartered in Dallas, Texas, with diverse, global investments whose mission is to acquire and develop market-leading private businesses. Funded by a pool of capital assembled in the 1930s and built upon over generations through holdings in natural resources, real estate, manufacturing, and industrial companies, our structure as an evergreen entity allows RPI to continually invest capital in businesses that share our commitment to entrepreneurism, integrity and sound business principles. Visit www.rosewoodpi.com to learn more.
Media Contacts:
Maïté Lefebvre, Communication & Sustainability Manager
mlefebvre@cobepa.com