Press Release Continental Fire Sprinkler Company - Peter Kiewit Sons
OMAHA, NEBRASKA - Seale & Associates, Inc. announced that it acted as financial advisor to the shareholders of Continental Fire Sprinkler Company ("Continental Fire") and Continental Alarm & Detection Company ("CADCO") on the sale of the businesses to Peter Kiewit Sons', Inc. ("Kiewit"). Specific terms of the transaction were not disclosed.
Continental Fire, founded in 1971, is a respected turnkey fire sprinkler contractor in the central United States. The Company designs, fabricates, installs, maintains, and inspects a wide variety of wet, dry, and special hazard fire sprinkler protection systems for all types of occupancies and hazard groups. CADCO, founded in 1995, offers complete design, installation, maintenance, inspection, and monitoring services for a variety of fire alarm protection and security systems. Both companies are headquartered in Omaha, Nebraska.
Kiewit is one of the most respected firms in the construction industry. Kiewit is the nation's seventh-largest construction firm, according to Engineering News-Record, with 2004 revenues of more than US$3.2 billion. With a core staff of more than 4,600 salaried and hourly employees, and more than 10,000 craft workers, Kiewit has experienced personnel available to handle any size job. Headquartered in Omaha, Nebraska, Kiewit is one of the largest employee-owned firms in the nation and is noted for its broad-based ownership.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global advisory firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings. For more information please visit www.sealeassociates.com.