M&A Deal Summary

Fortis Fire & Safety Acquires IFSS

On August 1, 2024, Fortis Fire & Safety acquired safety/security company IFSS from Newlook Capital

Acquisition Highlights
  • This is Fortis Fire & Safety’s 6th transaction in the Safety/Security sector.
  • This is Fortis Fire & Safety’s 6th transaction in the United States.
  • This is Fortis Fire & Safety’s 3rd transaction in Florida.

M&A Deal Summary
Date 2024-08-01
Target IFSS
Sector Safety/Security
Buyer(s) Fortis Fire & Safety
Sellers(s) Newlook Capital
Deal Type Add-on Acquisition

Target

IFSS

Fort Myers, Florida, United States
IFSS is a provider of turn-key low voltage solutions to meet the current life safety and security needs. IFSS was founded in 2006 and is based in Fort Myers, Florida.

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Buyer(S) 1

Buyer

Fortis Fire & Safety

Schaumburg, Illinois, United States
Category Company
Founded 2021
Sector Safety/Security
DESCRIPTION

Fortis Fire & Safety is a fire protection service company. Fortis Fire & Safety was founded in 2021 and is based in Schaumburg, Illinois.

DEAL STATS #
Overall 6 of 6
Sector (Safety/Security) 6 of 6
Type (Add-on Acquisition) 5 of 5
State (Florida) 3 of 3
Country (United States) 6 of 6
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Diversified Systems

Knightdale, North Carolina, United States

Diversified Systems provides security systems for commercial and institutional buildings. Diversified Systems security services include access control systems, closed-circuit television, IP video systems, network recording systems, fire and life safety systems, vehicle control, and high-security locks. Diversified Systems was founded in 1990 and is based in Knightdale, North Carolina.

Buy -

Seller(S) 1

SELLER

Newlook Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Newlook Capital is a specialized private equity firm focused on acquiring dental practices in Canada and industrial services companies in the US and Canada. Newlook Capital seeks profitable businesses with recurring revenue and growth potential. The Firm has specific interest in consolidation opportunities. Newlook Capital was founded in 2010 and is based in Burlington, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-23 Kost Fire Safety

Medicine Hat, Alberta, Canada

Kost Fire Safety provides safety product sales and technical service offsite and onsite for oilfield, industrial and agricultural clients. Kost Fire Safety is based in Medicine Hat, Alberta.

Buy -
Mergr

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