...Pinnacle Buyer, LLC's and Pinnacle Parent, LLC's (dba, Summit Companies) ratings reflect its market leadership and national scale in the fire & life safety industry, its high proportion of recurring revenue, regulatory-driven demand and its diverse customer base. Favorable industry trends, industry consolidation and acquisitions support Summit's growth strategy. Fitch Ratings expects the company to manage its Fitch-calculated EBITDA leverage between 4.5x and 5.5x, consistent with its 'B+' rating, while executing its growth strategy including acquisitions. Fitch also forecasts free cash flow (FCF) of at least $50 million and potentially exceeding $100 million....
