SAN DIEGO, March 11, 2025 /PRNewswire/ — Five Bays Capital has acquired Firezat, a leader in wildfire structure protection, as wildfires become more frequent and destructive in California and other high-risk states.
Founded in 2006, Firezat has supplied several million square feet of its proven, patent-pending aluminum-based structure wrap called Wildfire Ember Shields™ and Wildfire Fire Shields™.
For decades, the U.S. Forest Service and other professional firefighting agencies have used Firezat’s shields to protect historical US landmarks and critical infrastructure from radiant heat and burning embers, which cause up to 90% of structure ignitions according to studies done by the National Institute of Standards and Technology (NIST) and the Insurance Institute for Business & Home Safety (IBHS).
When a wildfire threat emerges, the shields are deployed to completely envelop a structure, creating a barrier that resembles a metallic fire blanket covering the entire building. The shields require no maintenance, water, electricity, generators, or chemicals, and are reusable and easy to store. They protect for days, weeks or months, without degradation even as fires stall, restart or change directions.
In the wake of the devastating Eaton and Pacific Palisades Fires in Los Angeles in January 2025, property owners and insurers across wildfire-prone regions are wrestling with how to physically safeguard structures and maintain access to affordable insurance coverage. This mounting uncertainty has created an urgent market need for proven protection solutions.
Mike Lloyd, Founding Partner of Five Bays Capital, and former Co-Founder and COO of Corvus Insurance, which was acquired by Travelers Insurance for $435 million in early 2024, views this acquisition as a personal mission:
“Firezat has proven its effectiveness protecting structures from wildfires for decades, but as wildfire risk continues to rise and insurers increasingly raise rates and/or withdraw from affected markets, there’s an urgent need to scale this technology. Our mission is to protect more communities while helping to stabilize the insurance markets.”
The founder of Firezat, Dan Hirning, who remains actively involved with the company, expressed enthusiasm about the acquisition:
“Five Bays Capital is accelerating our expansion across team building, research and development, production capacity, and distribution channels at an incredible pace. Their insight and experience within the insurance industry are helping Firezat forge strategic partnerships with both firefighting professionals and insurance providers who protect American homes and businesses.”
For more information and company updates, please visit firezat.com
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SOURCE Firezat. Inc.
