Integrated Fire & Security Solutions has been acquired by Fortis Fire & Safety
Fortis Fire & Safety has acquired Integrated Fire & Security Solutions (IFSS). The acquisition will enhance Fortis’ strategy of building multi-regional capabilities, expanding its presence in Florida and providing customers with a wider range of services to include a full spectrum of fire and life safety systems.
Founded in 2005, Integrated Fire & Security Solutions is the leading integrator of security and life safety systems in Florida, with five field offices across the state, over 85 service technicians and a broad installed base as well as additional operations in North Carolina via the acquisition of Diversified Systems, Inc. (DSI) in 2021. IFSS designs, implements, maintains and upgrades best-in-class security and fire protection systems for entrenched customers primarily in the K-12 education, branch banking, municipal and critical infrastructure end markets. It is a portfolio company of Newlook Capital and Fengate.
Newlook Capital is a private equity firm that manages industry-specialized funds and invests across the United States and Canada, while Fengate is a leading alternative investment manager, with more than US$8 billion of capital commitments under management, focused on private equity, infrastructure and real estate strategies.
Established in 2021, US-based Fortis Fire & Safety is building a next generation fire protection and integrated security platform, bringing together prominent companies from around the country to form a unified organization that better serves customers and their people. Fortis is a portfolio company of Imperial Capital.
Oaklins TM Capital in the USA served as the exclusive financial advisor to Integrated Fire & Security Solutions, Inc. in its sale to Fortis Fire & Safety. The partnership with IFSS enhances Fortis’ presence in the Southeast USA market and adds complementary security and life safety capabilities and expertise to the Fortis platform.
Oliver Blum
Partner, Newlook Capital
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