LOUISVILLE, Ky. — Align Capital Partners (ACP) has merged its most recent platform investment, ISA Fire & Security, with Cleveland-based ABCO Fire Protection for undisclosed terms.
Based here, ISA Fire & Security was acquired in late December by ACP, a private-equity firm with offices in Dallas and Cleveland. ISA provides inspection, maintenance and repair services and sells new, repaired and remanufactured parts for fire and security systems.
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, according to an announcement. 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 mid-1970s. Since its founding, the family business scaled significantly through add-on acquisitions and organic growth, the announcement states. ABCO staffs nine offices throughout Ohio and Kentucky, supported by more than 125 service technicians.
“We’re excited to combine forces with the ABCO team on the heels of our initial investment in ISA,” says ACP 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.”
Merging with ISA will provide ABCO with a unique opportunity to achieve its next phase of growth, explains ABCO President Steve DeJohn. “The entire ABCO team has worked extremely hard to build a best-in-class regional service provider and we look forward to being part of ACP’s growing platform in the fire and security space,” says.
ACP and ISA will continue to seek regional fire and life-safety service providers across the United States to continue to build the platform.
