Fire sprinklers play a crucial role in ensuring the safety of buildings. They prevent fires from spreading. However, at times, they can create significant harm if they activate accidentally. This occurs due to a false alarm or a malfunction. Every sprinkler can discharge a substantial amount of water. A significant amount of money is used to repair damage created by sprinklers.
Matt Scarpuzzi recognized this issue and chose to assist. He developed the Quickstop Fire Sprinkler Tool. This device prevents water from flowing out of sprinklers. Matt appeared on Shark Tank seeking assistance. He sought $150,000 in exchange for 10% of his company. Will the entrepreneur get a deal on Shark Tank? Check out the Packback update to find out!
Quickstop Fire Sprinkler Tools Net Worth Shark Tank Update 2025
Peter Thorpe went on Shark Tank asking for $150,000 for 10 % of his company. This meant he thought his business was worth $1,500,000. He made a deal with Mark Cuban for $150,000 for 33 %, lowering the valuation to $454,545. The episode was aired on March 21, 2014. The company later rebranded as Quickstop Tools and remains active serving fire departments nationwide. Using the default 10 % yearly growth method, the current net worth of Quickstop Tools is estimated to be around $3–4 million in 2025.
After Matt left the Shark Tank without a deal, his business kept growing. The Quickstop Fire Sprinkler Tools are still being sold today. Matt’s company now makes around $1 million each year. His product is sold on the Quickstop website and on Amazon. Even though Matt didn’t get a deal on Shark Tank his idea is still helping many people.
The tool is used by fire departments, hospitals, construction workers, and even homeowners. Matt’s goal was to sell the tool to every fire department in the U.S. His product helps reduce the damage caused by accidental sprinkler activations.
No Quickstop did not secure a deal. Matt asked for $150,000 for 10% of his business. He hoped that the sharks would help him grow his company. But none of the sharks agreed to invest. Daymond John thought that it would take too much work to educate people about how to use the tool. Robert Herjavec agreed with Daymond and said he was out.
Mark Cuban also said no. He thought Matt was an inventor with no company behind him. Lori Greiner thought the business had a lot of risks. But she was still willing to offer $75,000 for 18% of the business. She said she would want another shark to join her with the same deal. Kevin O’Leary said he would work with Lori if she gave him 25% of the business. But Matt didn’t like the offer. He turned it down. Matt left Shark Tank without a deal.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | $75,000 for 18% equity | N/A | |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | Yes |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Quickstop Fire Sprinkler Tools Shark Tank pitch
Matt Scarpuzzi had a distinct purpose for developing the Quickstop Fire Sprinkler Tool. In his role as a firefighter, he observed the destruction that fire sprinklers created. He aimed to resolve this issue. When fire sprinklers activate accidentally, they result in significant water damage. Matt realized that numerous individuals required a means to put an end to this. He originated the concept for the Quickstop tool.
The device might prevent water from escaping the sprinkler. Matt put in a lot of effort to develop the tool. It required significant time and effort. Initially, he encountered numerous difficulties. He needed to ensure the tool functioned properly and was user-friendly. He also needed to determine how to spread the word. He understood that it wouldn’t be simple.
However, Matt was resolved to assist others. He believed this tool could help businesses and households avoid significant financial losses.
When Matt appeared on Shark Tank, he delivered a compelling pitch. He stated that a fire sprinkler discharges a large quantity of water. In reality, it discharges the equivalent of a bathtub’s volume in merely two minutes. This is beneficial in case of a fire. However, if the fire turns out to be a false alarm, it may result in significant harm. He claimed that his device could halt the sprinkler and stop the water from flowing out.
He showed how the tool functioned. The device was straightforward and user-friendly. Matt informed the sharks that his objective was to market the tool to fire departments across the U.S. He also intended to sell it to hospitals, construction crews, and homeowners. Matt was assured about his product. However, he realized he required assistance to expand his business.
The sharks posed numerous inquiries about Matt’s product. They were curious to learn more about its operation and potential profitability. Daymond John inquired whether the tool would be difficult to instruct others in using. He mentioned that it could require considerable time to inform the public. Matt stated that the tool was simple to operate. However, Daymond remained concerned about the duration needed to inform everyone.
Robert Herjavec inquired if it would be challenging to persuade individuals to purchase the tool. He concurred with Daymond that informing the public would be a significant endeavor. Matt replied that he had sold $18,000 in products within only six weeks. He thought the market was prepared for the tool. The sharks inquired about the cost of the tool. Matt mentioned it was made for $25 and sold for $90. This provided him with a favorable profit margin.
The sharks believed that the Quickstop Fire Sprinkler Tool was not a suitable investment for them. Each had unique motives for not finalizing an agreement. Daymond John mentioned that the tool needed extensive education. He doubted that the public would readily comprehend how to utilize it. Robert Herjavec concurred with Daymond. He also believed that Matt’s business wasn’t robust enough to ensure the tool’s success.
Mark Cuban mentioned that Matt was an innovator yet he lacked a genuine business. He doubted Matt could manage the business while also innovating. Lori Greiner believed the venture was overly risky. However, she proposed to invest $75,000 for an 18% stake in the business. She desired an additional shark to accompany her. Kevin O’Leary stated he would invest only if he received 25% equity.
However, Matt declined the proposal. He was unwilling to relinquish so much of his business. Ultimately, no agreement was reached.
What Went Wrong With Quickstop Fire Sprinkler Tools On Shark Tank?
The main reason the sharks didn’t invest was that they thought the product was too risky. Daymond John was worried about the education required to teach people how to use the tool. He didn’t think it would be easy to get people to trust the product. Robert Herjavec agreed that it would be a big challenge. Mark Cuban also didn’t think Matt was ready to run a business.
He saw Matt as just an inventor with no company behind him. Lori Greiner thought the product was interesting, but she thought there were too many risks involved. She was only willing to invest if another shark joined her. Kevin O’Leary also wanted a bigger stake in the company. Matt didn’t agree to their offers and walked away without a deal.
Product Availability
The Quickstop Fire Sprinkler Tool is available for purchase online. You can buy it on the Quickstop website or Amazon. The tool is priced at $90. It is sold to fire departments, construction workers, hospitals, and homeowners. The product is very useful for people who want to stop water damage caused by fire sprinklers. Matt’s company is still making and selling the tool.
The Quickstop tool is used by many different groups to save money and reduce water damage. The product is easy to use and helps prevent accidents.
Conclusion
Quickstop Fire Sprinkler Tools didn’t get a deal on Shark Tank. But that didn’t stop Matt. He continued to grow his business. Today, his company makes $1 million a year. The tool is sold on the Quickstop website and Amazon. Matt’s product is helping many people reduce damage caused by fire sprinklers. Even though the sharks didn’t inves,t Matt’s company is still going strong.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
