Generational Equity Announces Sale of Integrated Systems of Florida to Red Hawk Fire & Security
DALLAS, Feb. 28, 2017 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Integrated Systems of Florida, to Red Hawk Fire & Security, a portfolio company of Comvest Partners. The acquisition closed January 31, 2017. Details were not disclosed.
Integrated Systems of Florida (ISOF), headquartered near Tampa in Oldsmar with sales and service offices in Orlando and Tallahassee, is a well-regarded security systems integration company. ISOF commands a solid commercial customer base in the healthcare, hospitality, government, religious and education industries. The company was founded in 2001 by Walter and Candace Wiseman.
Red Hawk Fire & Security, based in Boca Raton, Florida, installs, tests, inspects, integrates, services and monitors safety and security solutions for businesses nationwide. The company's 1,400 employees service 50,000 customers. The ISOF acquisition solidifies Red Hawk as the preferred choice for fire, life safety and security services in Florida.
Red Hawk was formed as an independent, unified fire and electronic security services brand with a national footprint to serve commercial customers after the acquisition by a Comvest Partners sponsored private investment fund of the U.S. fire and security operations of United Technologies Corporation in 2012.
Generational Equity Managing Director Julie Sandoval and her team, headed by trusted affiliate Mario Dieckmann, and Vice President Rebecca Gruman, led the deal to a successful close.
"President Walter Wiseman identified Red Hawk as the ideal purchaser early on," said Dieckmann. "That certainly proved to be the case."
The deal also benefits ISOF's existing customers. "Red Hawk is large enough to bring needed resources and expertise to bear for the complex or sophisticated customer projects, yet nimble and flexible enough to deliver local knowledge that complements and enhances the services we offer," ISOF President Walter Wiseman said.
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit http://www.genequityco.com and the Generational Equity press room.
For more information:
Carl Doerksen
972-232-1125
[email protected]
SOURCE Generational Equity
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