07/24/2025
Citizens Serves as Lead Financial Advisor to Eagle Fire on its Sale to Cobepa
PROVIDENCE, RI — Citizens Capital Markets & Advisory announced today that it served as the lead financial advisor to Eagle Fire, a provider of fire and life safety (FLS) services to high-complexity end markets across the Southeast, on its sale to Cobepa. Eagle Fire was previously a portfolio company of Rosewood Private Investments, a Dallas-based family office. As part of the transaction, Rosewood will remain invested in the business as a minority shareholder.
Eagle Fire, headquartered in Richmond, Va., offers a comprehensive suite of FLS services, including installation, retrofit, service and recurring inspections for sprinklers, alarms and low-voltage systems. Under the partnership with Rosewood, Eagle Fire experienced exceptional organic growth and executed a disciplined and deliberate acquisition strategy.
Ray Clarke, CEO of Eagle Fire, said: “The Citizens team provided immense leverage to the Eagle Fire management team throughout the entire engagement. They understood the company’s value proposition and crafted a compelling story that resonated with investors. It was a privilege to work with the Citizens team, and we are thrilled to partner with Cobepa during our next phase of growth.”
“The Citizens team served as a trusted advisor to Rosewood, providing sound guidance and crafting a bespoke and highly effective M&A process,” added Rosewood Managing Director, Derry Burns. “Their deep knowledge of the FLS sector was key to achieving a successful outcome for all parties. We greatly appreciate their efforts over the last several months, and we are excited to continue our partnership with Eagle Fire alongside Cobepa.”
Ryan Sugrue, Managing Director at Citizens, said: “We greatly appreciate the partnership with Eagle Fire and Rosewood on this transaction. Management has built an exceptional asset that is well-positioned for future growth. We are excited to follow their continued success with Cobepa.”
Citizens Capital Markets & Advisory offers investment banking, research, sales and trading activities as part of our institutional broker-dealer, Citizens JMP Securities, LLC, a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc..
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $218.3 billion in assets as of June 30, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.
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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.
Contact:Frank Quaratiello
617.543.9810
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