Supported by AIB Corporate Banking and Rockpool Investments, the acquisitions effectively “double the size” of Fortus, according to the business, adding €100m in revenue. The company says it intends to drive the quality of the customer experience by evolving to a “technology enabled business model”.
Founded in 1992, Enterprise Security Distribution is a UK-based supplier of security products to the installer trade with nine locations around the UK. The existing leadership team across the branches will remain in the business and become members of the Fortus leadership team.
RE:SURE Intelligence is a specialist remote CCTV monitoring service serving clients across Ireland and the UK. Established in 2007, the firm aims to provide a CCTV service that “prevents crime, rather than just recording it”, and will continue to be led by John McMahon (Managing Director) and Emmet Hogan (Commercial Director), alongside the existing management team.
The business is split across two locations with the main Alarm Receiving Centre located in Cookstown, Co Tyrone, Northern Ireland with a smaller office located in Sandyford, Co Dublin.
The plan with RE:SURE is to cross sell this value-add service to Fortus’ extensive customer base following the acquisition of Enterprise.
Brian Honan, founder and CEO of Fortus, said: “Upon completion of both deals, Fortus will advance its strategy of becoming the largest security and fire supply chain business in the UK & IRE, giving us the ability to offer our customers unrivalled support, expertise and monitoring solutions.
“https://www.ifsecglobal.com/uk/fortus-group-acquires-enterprise-security-and-resure/With our supplier offering, branch network, CCTV expertise combined with RE:SURE’s best in breed monitoring solution, our end-to-end offering will be a first within the security market. We are delighted to welcome the outstanding Enterprise and RE:SURE teams to Fortus Group.”
Mark Massie, Commercial Director UK for Fortus, added: “The acquisition of ESD and RE:SURE is significant news within the security and fire industry. It provides Fortus with a branch foothold across England and opens channels for us to supply our customers with additional industry leading brands, including Fire as well as offering additional services to our customers. I’m delighted to welcome the ESD and RE:SURE team to Fortus Group.”