Rockpool invests in RWL Security Solutions and EZCCTV.com
11 months ago
Rockpool Investments 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 headquartered in Dublin, Ireland. The Company supplies a wide range of CCTV, intruder, access control and fire safety products and is the largest B2B distributor of security products in Ireland. Rockpool has backed existing CEO, Brian Honan, who completed a management buyout of RWL in December 2018, supported by AIB Bank.
As part of Rockpool’s investment, RWL completed the acquisition of EZCCTV.com Limited, a leading distributor of CCTV and security equipment based in Hertfordshire, UK. 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.”
Guy Ellis, Investment Manager at Rockpool said:
“We are delighted to welcome Fortus Group into the Rockpool portfolio. This acquisition represents an exciting opportunity for our investors to back an experienced CEO to lead the consolidation of the UK & Ireland B2B security distribution market. We look forward to working with Brian and the team to continue to drive growth in the group.”
Rockpool was advised by Taylor Wessing, Regan Wall, RSM Corporate Finance, Grant Thornton, Catalysis Advisory and WA Communications.
RWL Security Solutions was advised by: AIB Corporate Finance, Eversheds Sutherland and Grant Thornton.