The private equity firm Rockpool has invested in RWL Security Solutions and provided funding to support the simultaneous acquisition of EZCCTV.com, together forming the Fortus Group.
RWL Security Solutions (RWL) is a value-added distributor of security equipment based in Dublin. The company supplies CCTV, intruder, access control and fire safety products as a B2B distributor of security products in Ireland. Rockpool has backed the CEO, Brian Honan, who completed a management buyout of RWL in December 2018, supported by AIB Bank.
RWL completed the acquisition of EZCCTV.com Limited, a distributor of CCTV and security equipment based in Hertfordshire. The acquisition is the Fortus Group’s first bolt-on investment as part of the company’s buy-and-build strategy. Fortus Group will look to acquire further security supply chain businesses in the UK and Ireland.
Brian Honan, Fortus Group CEO, said: “This transaction is hugely positive for both Fortus Group and EZCCTV.com who have a shared ambition to develop into the largest security supply chain business in the British & Irish Isles. I believe it will be equally positive for the combined businesses’ valued customer base as it will allow Fortus Group to bring its market leading array of products and after sales service to an even wider range of clients in the market. I look forward over the coming years to working with Rockpool Investments and AIB Corporate Banking to further consolidate the security supply chain market and bring a much-needed value add distribution ethos to the market.”
And Guy Ellis, Investment Manager at Rockpool said: “This acquisition represents an exciting opportunity for our investors to back an experienced CEO to lead the consolidation of the UK and Ireland B2B security distribution market. We look forward to working with Brian and the team to continue to drive growth in the group.”
