We at Barrier Companies are thrilled to announce the acquisition of PREVENT, a fire and life safety services company that offers complementary services in healthcare settings throughout California, Texas, and Arizona. PREVENT will operate under its own brand alongside the Barrier Companies entities and will be led by Jodi Clem, who continues as President. PREVENT founder/owner Dennis Cohan, will transition into a Barrier Companies board membership role by the end of 2021.
Founded in 1987 and headquartered in Livermore, California, PREVENT specializes in fire barrier management and fire code compliance within healthcare environments. They are a leading, single-source specialist and address the full life cycle from new build through ongoing inspections, compliance, and maintenance. In 1999, PREVENT developed The Solution™ line of mobile HEPA containment units, which prevent the spread of dust and harmful particles from entering occupied spaces during construction or maintenance work above the ceiling.
“PREVENT has a stellar reputation in this large and growing market; the addition of their healthcare expertise and reach will enhance Barrier’s position as a national market leader across industries. We look forward to working with the PREVENT team and adding their technical expertise and essential scope of services to our work with clients.”
The market for building fire and life safety compliance services is expected to continue growing, presenting additional organic and consolidation opportunities for Barrier Companies. The total addressable market for compliance-related services is estimated at $26 billion, with healthcare accounting for half of that amount. Given the potential consequences of non-compliance with strict regulatory requirements, and in light of increasing government scrutiny, hospitals’ demand for specialist help is expected to accelerate and the expertise needed to maintain compliance is often beyond the scope of smaller, local providers.
“Our geographic footprint is highly complementary to Barrier and joining forces will help both companies achieve accelerated growth as we cross-sell services in key markets to meet the needs of clients,” said Clem, President at PREVENT. “We partner with some of the most impressive healthcare facilities in the U.S., from small surgical centers to university teaching hospitals to nationally acclaimed, multi-campus facilities. We look forward to continuing to provide our clients with best-in-class fire compartmentation management services while expanding our service offerings as part of Barrier Companies.