ISA Fire and Security, a portfolio company of Align Capital Partners, has merged with ABCO Fire Protection. Financial terms weren’t announced. ABCO, which is majority owned by Bob Titmas Jr, provides of fire safety and security system inspection, maintenance, and repair services under the ABCO, Trico, and Superior Fire brands.
Align Capital Partners Ignites Growth with Merger of ISA and ABCO Fire Protection
CLEVELAND and DALLAS, August 13, 2018 – Align Capital Partners (“ACP”) announced today the strategic merger of its most recent platform investment, ISA Fire and Security (“ISA”), with Cleveland-based ABCO Fire Protection (“ABCO”). ABCO is a regional provider of fire safety and security system inspection, maintenance, and repair services for thousands of commercial customers in a variety of end-markets. The company goes to market under the ABCO, Trico, and Superior Fire brands.
ABCO is majority owned and operated by Bob Titmas Jr. whose father founded the company in the midseventies. Since its founding, the family business scaled significantly through add-on acquisitions and organic growth. Today, ABCO has nine offices throughout Ohio and Kentucky supported by over 125 service technicians.
“We’re excited to combine forces with the ABCO team on the heels of our initial investment in ISA,” said Managing Partner Steve Dyke. “ABCO will immediately provide ISA with a broader service offering and greater customer diversity. But, beyond the benefits of scale, ABCO brings with it key people – both a sizable pool of highly skilled technicians and a talented management team.”
“The addition of such a well-respected regional firm, with a strong track record of growth, brings great momentum to our core business. The combination with ISA and ACP will allow us to better serve our customers through a greater geographic footprint and capabilities,” said ISA CEO Mike Epperson.
“Partnering with ISA and ACP provides us with a unique opportunity to achieve our next phase of growth,” said ABCO President Steve DeJohn. “The entire ABCO team has worked extremely hard to build a best-inclass regional service provider and we look forward to being part of ACP’s growing platform in the fire and security space.”
Working with Mr. Dyke on the transaction were Operating Partner John Dupuy, Vice President Jack Parks, and Associate Jonathan Vadiee. ACP and ISA will continue to seek regional fire and life safety service providers across the United States to continue to build the platform.
ISA and ABCO (the “Company”) provide inspection, maintenance, installation, and repair services and sell new, repaired, and remanufactured parts for fire and security systems and equipment. The Company’s team of professional engineers / designers and NICET-certified technicians design, install, and program a wide variety of fire and security alarm brands. The Company’s national footprint and one-stop solution attracts customers seeking to simplify their fire safety services spend and increase service quality through vendor consolidation. For more information, visit www.isa-net.com and www.abcofire.com.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP brings experience, resources and a $325 million committed fund to help companies accelerate their growth, to the benefit of management, employees, and the firm’s investors. ACP makes control investments in growth-oriented, lower-middle market specialty manufacturing, distribution, and business services companies. For more information, visit www.aligncp.com.