Kidde-Fenwal gets approval to sell assets to Pacific Avenue Capital unit

By Sarah Lizee

Olympia, Wash., April 3 – Kidde-Fenwal, Inc. received approval to sell its assets to Pacific Erin Opco, LLC, an affiliate of Pacific Avenue Capital Partners, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The company said no other qualified bids were received by the deadline.

The purchase price includes a base of $140 million in cash plus an earn-out of up to $60 million in cash for the assets, subject to some adjustments.

The industrial fire detection and suppression company is based in Ashland, Mass. The company filed bankruptcy on May 14, 2023 under Chapter 11 case number is 23-10638.

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