Security Fire Systems (“SFS”), a leading provider of sprinkler design, engineering, and installation services, today announced that it has acquired Lakeview Security, Fire & Communications (“Lakeview”). SFS is part of Blackford Capital’s Fire Safety Consolidation Platform. Terms of the transaction were not disclosed.
Headquartered in North Little Rock, AR, Lakeview provides comprehensive security solutions, including alarm system installation and testing, fire protection, camera systems, monitoring systems, and personal emergency systems. Lakeview owner and president Matt Reynolds and his entire team will remain with the company going forward.
“We are excited to welcome the Lakeview team to SFS and expand our presence across Arkansas,” said SFS CEO Dan Stachel. “The addition of Lakeview strengthens our service offerings beyond fire safety and brings state-of-the-art technology and unparalleled support to our customers.”
“Both SFS and Lakeview have reputations built on quality and dependability, and this acquisition is a solid first step as we look strategically to integrate service offerings and expand our platform’s footprint,” said Martin Stein, Founder and Managing Director of Blackford Capital. “This is the first of many acquisitions to come, as the fire safety and security space continues to grow, and its fragmentation offers more opportunities for consolidation.”
“We have always taken pride in staying relevant in a rapidly evolving industry, and this partnership is a logical next step for us,” said Mr. Reynolds. “While our customers will have the same team, personal attention, and high level of service they’ve come to expect, they will now have access to expanded resources and additional expertise. I look forward to working with the SFS and Blackford teams.”
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About Blackford Capital
Founded in 2010, Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford acquires, manages, and builds founder and family-owned, lower middle-market companies in manufacturing, distribution, and services. The firm has a track record of exceptional returns, a disciplined and relentless approach to value creation, a focus on operational excellence, and a compelling culture. To date, Blackford has completed 20 platform investments and 33 add-on acquisitions, totaling 53 acquisitions. Recently, Blackford has been recognized for numerous awards, including Grady Campbell’s Top 50 PE firms in the Middle Market, Global M&A Network’s Industrial Services Deal of the Year (for Security Fire Systems) and Private Equity Firm of the Year in the Lower Middle Market, and Inc. 5000 list of America’s Fastest-Growing Private Companies (for Automation Control Group). For more information, visit www.blackfordcapital.com.
About Lakeview Security
Founded over 37 years ago and based in Heber Springs, Arkansas, Lakeview Security, Fire & Communication is a family-owned provider of fire alarm systems, security, access control, and 24/7 monitoring services. The Company’s revenues are heavily weighted toward monitoring, inspections, and repair services, with very little installation, making it an ideal complement to SFS’s Arkansas office. To learn more about Lakeview, visit Security & Fire Alarms • Communication • Health Care • Lakeview Alarms.