Security firm Fortus Group doubles turnover to €100m - buying Enterprise Security Distribution Group and Re:Sure Intelligence
Deal secures 10% of UK security products market
Fortus Group Holdings Ltd (‘Fortus’), a Dublin, Ireland based B2B security distributor, has announced the acquisition of two companies; UK based distribution company Enterprise Security Distribution and UK and Ireland based remote CCTV monitoring specialist RE:SURE. The deal gives the enlarged group a turnover of £100 million, or 10% of the £1 billion Ireland and UK security product market. Details of the purchase price are not being released for commercial reasons as Fortus continues on an acquisition path.
Fortus was backed by UK private equity firm Rockpool in December 2019 and they continue as investors. Rockpool was introduced to Fortus by Mark Brophy who at the time was working with adviser AIB Corporate Banking. Mark subsequently joined Fortus as CFO in February 2020.