IFSS Announces Investment to Support Strategic Growth Plans
Integrated Fire and Security Solutions Inc., a provider of integrated security, IT and fire technologies and services, has received a private equity investment to drive strategic growth and further build its presence in the southeastern U.S. market. The sizable investment will be used to expand sales operations, acquire similarly aligned service providers and boost service offerings focused on recurring revenue services.
The investment by Newlook Capital is part of the organization's strategic focus on investing in high-growth industrial services companies driven by experienced and motivated management teams.
“We see security and fire services as a major growth market and IFSS has built a rock solid customer base and strong brand,” said Oliver Blum, portfolio manager, Newlook Capital. “IFSS is driving exciting integrated systems differentiated by emerging technologies, is growing rapidly and is gaining substantial market share. That record of achievement makes it very easy for us to support their future growth goals.”
The IFSS team has more than 100 years of security and fire expertise combined, and it has delivered integrated systems for a wide array of mission-critical organizations in Florida, including Key West Airport, Collier County School District and Lee County schools.
“Our recent experience on a comprehensive fire system installation with IFSS went above and beyond our expectations,” said Lenny Grawburg, electrical project manager and estimator, ION Electric. “Not only is the solution effective in seamlessly protecting our clients’ guests, but IFSS went out of their way to ensure the deployment went smoothly.”
“We are excited about this new development and appreciate the chance to strengthen our world class offerings and depth in the industry,” said Justin Peterson, president, IFSS. “Moving forward, we look to place a strong focus on investing in the fire and services market, and this opportunity, coupled with our experience and resources, furthers our ability to design and install large, complex systems in our target markets.”