Lakeland Fire + Safety Completes Acquisitions of Arizona PPE Recon, Inc. and California PPE Recon, Inc.
Lakeland Industries (NASDAQ: LAKE) has completed strategic acquisitions of Arizona PPE Recon and California PPE Recon for a combined value of approximately $9.5 million. The Arizona PPE deal was an all-cash transaction of $4 million, while California PPE was acquired for $5.5 million through a combination of stock and cash.
Both companies are UL-certified independent service providers specializing in firefighting equipment decontamination, inspection, and repairs. The acquisitions will add approximately $5 million in annual recurring revenue and expand Lakeland's presence in the U.S. personal protective equipment services market. The acquired companies, with a combined workforce of 33 employees, will maintain their current leadership teams and serve as Lakeland's foundation for growth in North American advanced decontamination and rental markets.
Lakeland Industries (NASDAQ: LAKE) ha finalizzato l'acquisizione strategica di Arizona PPE Recon e California PPE Recon, per un valore complessivo di circa 9,5 milioni di dollari. L'accordo con Arizona PPE è stato interamente liquidato in contanti per 4 milioni di dollari, mentre quello con California PPE è stato concluso per 5,5 milioni di dollari tramite una combinazione di azioni e contanti.
Entrambe le aziende sono fornitori indipendenti certificati UL, specializzati in decontaminazione, ispezione e riparazioni di attrezzature antincendio. Le acquisizioni porteranno circa 5 milioni di dollari di entrate ricorrenti annue e amplieranno la presenza di Lakeland nel mercato statunitense dei servizi di protezione personale. Le società acquisite, con un organico complessivo di 33 dipendenti, manterranno i rispettivi team dirigenziali e costituiranno la base per la crescita di Lakeland nei mercati nordamericani della decontaminazione avanzata e del noleggio.
Lakeland Industries (NASDAQ: LAKE) ha concluido adquisiciones estratégicas de Arizona PPE Recon y California PPE Recon por un valor combinado de aproximadamente 9,5 millones de dólares. El acuerdo de Arizona PPE fue una operación 100% en efectivo de 4 millones de dólares, mientras que California PPE se adquirió por 5,5 millones mediante una combinación de acciones y efectivo.
Ambas empresas son proveedores independientes certificados UL, especializados en descontaminación, inspección y reparación de equipos contra incendios. Las adquisiciones añadirán alrededor de 5 millones de dólares en ingresos recurrentes anuales y ampliarán la presencia de Lakeland en el mercado de servicios de equipos de protección personal en Estados Unidos. Las compañías adquiridas, con una plantilla conjunta de 33 empleados, mantendrán a sus equipos de dirección actuales y servirán como base para el crecimiento de Lakeland en los mercados norteamericanos de descontaminación avanzada y alquiler.
Lakeland Industries (NASDAQ: LAKE)가 Arizona PPE Recon과 California PPE Recon를 총 약 9.5백만 달러의 가치로 전략적 인수했습니다. Arizona PPE 거래는 4백만 달러의 전액 현금 거래였고, California PPE는 주식과 현금을 혼합해 5.5백만 달러로 인수되었습니다.
두 회사 모두 UL 인증을 받은 독립 서비스 제공업체로, 소방 장비의 오염 제거, 점검 및 수리에 특화되어 있습니다. 인수로 연간 5백만 달러의 재발 수익이 추가되고 미국 내 개인 보호 장비 서비스 시장에서 Lakeland의 입지가 확대될 것입니다. 합병된 두 회사의 총 직원 수는 33명으로, 현 경영진이 계속해 남아 Lakeland의 북미 고급 오염 제거 및 렌탈 시장 성장의 기반이 될 것입니다.
Lakeland Industries (NASDAQ: LAKE) a finalisé des acquisitions stratégiques de Arizona PPE Recon et California PPE Recon pour une valeur totale d’environ 9,5 millions de dollars. L’accord avec Arizona PPE a été une opération entièrement en espèces de 4 millions de dollars, tandis que celui avec California PPE a été acquis pour 5,5 millions de dollars par une combinaison d’actions et de liquidités.
Les deux sociétés sont des prestataires indépendants certifiés UL, spécialisés dans la décontamination, l’inspection et la réparation d’équipements anti-incendie. Ces acquisitions ajouteront environ 5 millions de dollars de revenus récurrents annuels et étendront la présence de Lakeland sur le marché américain des services liés aux équipements de protection personnelle. Les sociétés acquises, employant au total 33 personnes, conserveront leurs équipes dirigeantes actuelles et serviront de base à la croissance de Lakeland sur les marchés nord-américains de la décontamination avancée et de la location.
Lakeland Industries (NASDAQ: LAKE) hat strategische Übernahmen von Arizona PPE Recon und California PPE Recon abgeschlossen, insgesamt im Wert von rund 9,5 Mio. USD. Die Arizona-PPE-Transaktion war eine rein bargeldbasierte Vereinbarung über 4 Mio. USD, während California PPE für 5,5 Mio. USD durch eine Kombination aus Aktien und Bargeld erworben wurde.
Beide Unternehmen sind UL-zertifizierte unabhängige Dienstleister, die sich auf Desinfektion, Inspektion und Reparatur von Brandschutzgeräten spezialisiert haben. Die Akquisitionen bringen voraussichtlich etwa 5 Mio. USD jährliche wiederkehrende Umsätze und erhöhen Lakelands Präsenz im US-Bereich der Dienstleistungen für persönliche Schutzausrüstung. Die übernommenen Firmen, zusammen 33 Mitarbeitende, behalten ihr aktuelles Führungsteam und bilden die Grundlage für das Wachstum von Lakeland in Nordamerika im Bereich fortschrittliche Desinfektion und Vermietung.
Lakeland Industries (NASDAQ: LAKE) أكملت عمليات استحواذ استراتيجية على Arizona PPE Recon و California PPE Recon بقيمة مجمعة تقارب 9.5 مليون دولار. كانت صفقة Arizona PPE نقداً بالكامل بقيمة 4 ملايين دولار، بينما تم الاستحواذ على California PPE مقابل 5.5 ملايين دولار من خلال مزيج من الأسهم والنقد.
كلا الشركتين مقدّمان مستقلان معتمدان من UL، ومتخصصان في إزالة التلوث وتفتيش وإصلاح معدات مكافحة الحرائق. ستضيف الاستحواذات حوالي 5 ملايين دولار من الإيرادات المتكررة سنوياً وستوسع حضور Lakeland في سوق خدمات معدات الحماية الشخصية الأمريكية. والشركات المستحوَذة، التي لديها قوة عمل مشتركة تبلغ 33 موظفاً، ستحتفظ بفرقها القيادية الحالية وتكون قاعدة لنمو Lakeland في أسواق التطهير المتقدم والتأجير في أمريكا الشمالية.
Lakeland Industries (纳斯达克股票代码：LAKE) 已完成对 Arizona PPE Recon 和 California PPE Recon 的战略收购，合计价值约为 950万美元。其中 Arizona PPE 交易为全现金交易，金额为 400万美元，而 California PPE 则通过股票与现金的组合方式收购，金额为 550万美元。
两家公司都是 UL 认证的独立服务提供商，专注于消防设备的去污染、检查与维修。此次收购将增加约 500万美元的年度经常性收入，并拓展 Lakeland 在美国个人防护装备服务市场的影响力。合并后的公司总员工为 33 名，将保持现有的领导团队，成为 Lakeland 在北美高端去污染与租赁市场增长的基石。
- Acquisitions add $5 million in annual recurring revenue
- Strategic expansion into U.S. PPE decontamination, repair, and rental markets
- Retention of experienced management teams from both acquired companies
- Entry into large California fire market with established presence
- Cross-selling opportunities and complementary service offerings
- Significant cash outlay of $6.1 million for both acquisitions
- Stock dilution from $3.4 million in shares issued for California PPE acquisition
Insights
Lakeland's strategic acquisitions of two PPE service companies add $5M recurring revenue and expand their fire safety business into new markets.
Lakeland Industries' dual acquisitions of Arizona PPE ($4M) and California PPE ($5.5M) represent a calculated expansion into the high-margin services segment of the fire safety market. These acquisitions transform Lakeland from primarily a PPE manufacturer into a more comprehensive solutions provider with recurring revenue streams – a move that typically commands higher valuation multiples.
The
These acquisitions provide Lakeland multiple strategic advantages:
- Entry into the UL-certified decontamination and repair services market
- Geographic expansion in two major fire service markets
- Retention of experienced leadership (a critical success factor in acquisitions)
- Cross-selling opportunities between equipment and services
- Platform for further U.S. expansion leveraging Lakeland's international service experience
The transaction structure – using stock for part of the California PPE acquisition – suggests confidence from the selling shareholders in Lakeland's future growth. Maintaining the founders in operational roles typically ensures smoother integration and customer retention.
By establishing a North American service platform complementary to their existing Asian and Australian operations, Lakeland is executing a global integration strategy that should drive operational efficiencies and enhance their competitive position in the fragmented fire safety market.
Strategic Acquisitions Expand Lakeland’s Global Fire Footprint into the U.S. Personal Protective Equipment Decontamination, Repair and Rental Markets
Acquisitions Add Approximately
HUNTSVILLE, Ala., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Lakeland Industries (NASDAQ: LAKE), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, announced today the successful completion of its acquisitions of U.S.-based Arizona PPE Recon, Inc. (“Arizona PPE”) and California PPE Recon, Inc. (“California PPE”). The Arizona PPE acquisition was an all-cash transaction valued at approximately
Arizona PPE is the leading UL-certified independent services provider for performing advanced decontamination, inspection, and repairs on firefighting garments for the Arizona market. It also provides educational and training classes to fire departments and personnel, including those in Arizona's largest cities, to help them implement and adhere to NFPA 1851 guidelines. Additionally, it offers PPE equipment rental, cleaning products, extractor and dryer sales, and gear bags. Arizona PPE was established in 2016 by founders Scott and DeAnna Petersen, a husband-and-wife team who will remain and continue to manage and grow the business in Arizona. Arizona PPE has approximately 17 employees and is headquartered in Tempe, Arizona.
California PPE is a leading and rapidly expanding UL-certified ISP in the California firefighting services market, one of the largest fire markets in the United States. It also provides advanced decontamination, repair, and inspection of firefighting personal protective equipment, along with rental services and sales of cleaning detergents, extractors, and dryers. California PPE was established in 2022 by Mike Glaze, a lifelong firefighter with a vision to develop an organization that helps Fire Departments implement NFPA 1851 care and maintenance programs, bringing his significant experience and business knowledge in the fire service industry to develop a thriving ISP in the Southern California area. California PPE has approximately 16 employees and is headquartered in Riverside, California. Mike Glaze will remain as President of California PPE and has been appointed to develop and expand Lakeland’s decontamination, repair and rental services across the United States.
"We are very excited to welcome Arizona PPE and California PPE, along with Mike Glaze and Scott and Deanna Petersen, to the Lakeland family,” said Jim Jenkins, President, Chief Executive Officer and Executive Chairman. “With an outstanding reputation for quality service and a track record of strong customer satisfaction, these operators and companies are outstanding additions to the Lakeland family. Led by Mike Glaze and Bill Van Lent, President of our recently acquired Veridian subsidiary, they will serve as our foundation and key entry point in the rapidly expanding North American advanced decontamination and rental markets. From these two outstanding companies, we intend to continue growing the North American service segment of the global fire services market by leveraging the combined strengths and experience of Lakeland’s LHD service offerings in Asia and Australia with the outstanding teams from Arizona PPE and California PPE to develop a strong North American platform.
"These acquisitions expand Lakeland's fire service offerings in the U.S. and beyond. Both companies are highly complementary to Lakeland's current fire service business, further increasing our touchpoints with fire services through advanced cleaning, inspection, and repair, as well as offering other growth opportunities in gear rentals and gear bag manufacturing. The combination of complementary, recurring revenue services, high-quality facilities, talented teams, and cross-selling opportunities makes this a great strategic fit for Lakeland, and we are excited to welcome both Arizona PPE and California PPE to the Lakeland family,” concluded Mr. Jenkins.
Cherry Tree & Associates served as financial advisor to Lakeland. Maynard Nexsen acted as legal advisor to Lakeland. Studio Leonelli acted as legal advisor to Arizona PPE. Varner & Brandt acted as legal advisor to California PPE.
About Arizona PPE
Arizona PPE is a UL-verified independent service provider (“ISP”) delivering NFPA 1851-compliant cleaning, inspection, and repair services throughout Arizona and neighboring states. Serving fire departments of all sizes, Arizona PPE also offers turnout gear rentals, extractor sales, and gear bags.
For more information, please visit www.arizonappe.com.
About California PPE
California PPE is a UL-verified independent service provider dedicated to delivering NFPA 1851-compliant cleaning, inspection, and repair services throughout California. Serving fire departments of all sizes across the state, California PPE provides advanced decontamination, inspection, and repair services. In addition to PPE maintenance, California PPE provides turnout gear rentals and fire program consulting services.
For more information, please visit www.california-ppe.com.
About Lakeland Fire + Safety
Lakeland Fire + Safety manufactures and sells a comprehensive line of fire services and industrial protective clothing and accessories for the industrial and first responder markets. Our products are sold globally by our in-house sales teams, our customer service group, and authorized independent sales representatives to a strategic global network of selective fire and industrial distributors and wholesale partners. Our authorized distributors supply end users across various industries, including integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high-tech electronics manufacturers, as well as scientific, medical laboratories, and the utilities industry. In addition, we supply federal, state and local governmental agencies and departments, including fire and law enforcement, airport crash rescue units, the Department of Defense, the Department of Homeland Security and the Centers for Disease Control. Internationally, we sell to a mix of end-users directly and to industrial distributors, depending on the particular country and market. In addition to the United States, sales are made into more than 50 foreign countries, the majority of which were into China, the European Economic Community ("EEC"), Canada, Chile, Argentina, Commonwealth of Independent States (“CIS”) Region, Colombia, Mexico, Ecuador, India, Uruguay, Middle East, Southeast Asia, Australia, Hong Kong and New Zealand.
For more information about Lakeland, please visit the Company's website at www.lakeland.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
This press release contains "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, which address Lakeland's expectations of sources or uses for capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, including statements regarding the anticipated synergies and opportunities relating to the acquisitions and the Company’s North American growth strategy, can be identified as forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in Press Releases and Forms 8-K, registration statements, quarterly and annual reports and other reports and filings filed with the Securities and Exchange Commission or made by management. As a result, there can be no assurance that Lakeland's future results will not be materially different from those described herein as "believed," "projected," "planned," "intended," "anticipated," "can," "estimated" or "expected," or other words which reflect the current view of the Company with respect to future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based, except as may be required by law.
Contacts
Lakeland Fire + Safety
256-600-1390
Roger Shannon
Chief Financial Officer
rdshannon@lakeland.com
Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
LAKE@mzgroup.us
www.mzgroup.us
FAQ
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