RapidFire Safety & Security — a new multi-regional "buy and build" strategy in the fire safety and security industries launched by founders Mike McLeod and Colin Harrold in partnership with Concentric Equity Partners — announced the acquisition of Security & Access Systems, an Albuquerque, N.M.-based provider of commercial security and fire alarm system design, installation, maintenance, monitoring, test, inspection and repair services. RapidFire will be acquiring the company from current owners and long-term industry veterans Chris and Molly Ipiotis, who will remain for an intermediate period to facilitate a transition to the RapidFire platform. SAS marks the first acquisition for the Rapid Fire platform since its launch in March 2022.
Security & Access Systems offers security and fire alarm solutions for commercial and government customers. Founded in 1988 by Chris and Molly Ipiotis, the company has served as a trusted provider across New Mexico for over 34 years and has installed and maintained thousands of systems. The team has experience and knowledge in system installation, repair, testing, and maintenance with a specialization in access control, intrusion, surveillance, and fire alarm systems. All SAS employees will remain with the company post-close and serve as part of RapidFire's growth strategy in the New Mexico region.
"As we step away in retirement from a business and industry that we admire and treasure so much, we hand the torch over to an incredible team of reputable, successful leaders,” said Chris Ipiotis. “Mike McLeod and his team of visionaries bring valuable technological knowledge and experience to this team. It is which much enthusiasm and excitement that we will watch them grow and build upon the imprint we have made in this community."
Rapid Fire CEO Mike McLeod said, "The company-wide focus of SAS on providing a great customer experience and cutting-edge technological solutions, along with their ‘people-first’ culture, is truly impressive and makes them an excellent partner to RapidFire. We're thrilled to partner with Chris and his team and excited to continue building upon the Company's strong foundation in the markets they serve."
Colin Harrold, president at RapidFire, said, "As industry leaders and hands-on business operators, it is entrepreneurs like Chris & Molly that inspire & motivate us to drive forward and find many more 'like-minded' sellers, who are ready to transition and enjoy the rewards of their years of hard work, while preserving their legacy."
Adam Lucas of Concentric Equity Partners adds: "We're thrilled to get the RapidFire platform launched with an ideal first partner in SAS and the Ipiotis family. The company and sterling market reputation that Chris and Molly have built over more than three decades is a testament to their leadership, and we are excited to carry on that legacy moving forward."
For more information, visit rapidfiress.com.