Mill Street invests in Dfendus Security, closes Inforce buy


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Canadian private investment firm Mill Street & Co has invested in Dfendus Security Solutions Inc, a Thornhill, Ontario-based designer, installer and manager of advanced security solutions. No financial terms were disclosed. Established last year by President and Founding Partner Dan Marston, a former Securitas Canada executive, Dfendus is pursuing a mid-market acquisition strategy. The partnership with Mill Street helped the company close its first buy, Inforce Security Corp, a Hamilton, Ontario-based provider of surveillance cameras, digital video recording solutions, intrusion alarms and other security systems.

PRESS RELEASE

Mill Street & Co. Makes Equity Investment in DFENDUS and Acquires Inforce Security

Toronto, January 10, 2018 – Mill Street & Co. (“Mill Street”), is proud to announce that it has completed an equity investment in DFENDUS Security Solutions Inc. (“DFENDUS”) and has closed the company’s first acquisition of Inforce Security Corp. (“Inforce”).

Founded by security industry veteran Dan Marston in 2017, DFENDUS is poised to become Canada’s leading integrated security company. Directly aligned with the increasingly complex needs of a marketplace undergoing rapid change, the company will leverage the world’s most advanced customerfacing technology, while differentiating itself through a proven commitment to outstanding quality of service.

DFENDUS is in the process of exploring a range of acquisition opportunities, completing its first acquisition of Inforce in December, 2017. Founded in 2005, Inforce Security Corp. is a progressive security systems integrator providing highly technical solutions for valued clients in the Toronto/Golden Horseshoe area of Ontario. The company markets and supports an extensive range of surveillance cameras, digital video recording solutions and intrusion alarms.

“There is a significant opportunity for an entrepreneurial company to lead the way in the emerging security market currently taking shape,” states DFENDUS President, Dan Marston. “We will be positioned to custom tailor advanced, integrated solutions that meet the specific needs of each particular customer we serve. Our success will come from DFENDUS’ unique ability to service its customers evolving requirements today and well into the future. Through a proactive, preventative approach, we will minimize the possibility of downtime and deliver security services that are always on.”

“We are very excited to partner with Dan Marston, as he drives the future of security in Canada through DFENDUS,” says Mill Street President, Noah Murad. “Dan is a recognized leader of the security industry. His 30 years of experience, most recently as the Sr. Director and General Manager of Securitas Canada, will be invaluable in evaluating, onboarding and integrating prospective acquisitions, while shaping culture and operations to become the leading security company in Canada.

DFENDUS’ immediate focus will be on acquiring mid-market companies, while creating a solid foundation of recurring revenue that will fuel value creation for customers and employees, and partners.

About Mill Street & Co.
Mill Street & Co. is a diversified North American company that owns and operates a diverse group of North American companies, employing over 1000 exceptional people who create real value every day. Mill Street generates sustainable, long-term growth through the intelligent allocation of capital. Our partners rely on us to maximize shareholder value while minimizing dilution. It’s an approach to business management that we are proud to stand behind. An approach that we call SMART Capital™.

www.millstreetco.com
For further information:
Noah Murad, President
E: contact@millstreetco.com
T: 905-764-5645

Photo courtesy of fatihhoca/iStock/Getty Images