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.