Fortus Group Holdings has announced the acquisition of two companies; UK based distribution company Enterprise Security Distribution and UK and Ireland based remote CCTV monitoring specialist Re:Sure Intelligence. The deal gives the enlarged group a turnover of £100 million, or 10% of the £1 billion Ireland and UK security product market. Details of the purchase price are not being released for commercial reasons as Fortus continues on an acquisition path.
Fortus was backed by UK private equity firm Rockpool in December 2019 and it continues as investors. Rockpool was introduced to Fortus by Mark Brophy who at the time was working with adviser AIB Corporate Banking. Brophy subsequently joined Fortus as CFO in February 2020.
“These transactions will double the size of Fortus to over €100m in revenue, making it a market leader in the UK and Ireland security industry,” said Brian Honan, founder and CEO of Fortus. “Our strategy is to become the largest security and fire supply chain business in the UK & Ireland. Buying these two companies makes Fortus to first firm in the UK and Ireland able to offer an ‘end-to-end’ security solution.”
Enterprise is a UK-based supplier of security products to the security installer trade. The company has nine locations around the UK and employs around 90 staff across its branches and has a base of more than 8,000 regular customers. Through this acquisition, Fortus has expanded its footprint across England, as well as gaining access to new products through Enterprise’s existing supplier distribution agreements.
Re:Sure is a specialist remote CCTV monitoring service serving clients across Ireland (Cookstown, Co. Tyrone and Sandyford, Dublin) and the UK. The Company was established in 2007. The current senior management, Managing Director, John McMahon and Commercial Director, Emmet Hogan will retain a significant stake in the business post acquisition.
