Calgary, Alberta – Concept Controls is pleased to announce that it has been acquired by Integrated Facility Solutions (“IFS”), a platform company of Warren Equity Partners (“Warren Equity”), a lower middle-market private equity fund manager.
Concept Controls is the first acquisition by the IFS platform, which is executing a buy and build strategy in the industrial safety space. Mike Stephens, President of Concept Controls, will maintain significant equity ownership in the transaction and will remain President of the Company going forward. The financial terms of the transaction were not disclosed.
“We are thrilled to partner with Warren Equity and the leadership team at IFS. Concept Controls has evaluated many strategic partners over the years and believe we have found a partner that not only has a deep understanding of the products and services we represent, but also the importance of our culture,” said Mr. Stephens. “Through this partnership, we have created a world-class team of proven industry professionals that will assist Concept Controls during our next stage of growth.”
“IFS is excited to partner with Mike and the Concept Controls team. The IFS team has extensive experience in the environmental, safety, and productivity sectors and has worked closely with Concept for the past decade. The Company is an ideal partner due to their technical expertise and strong reputation,” said Carl Johnson, Chairman of IFS and Senior Operating Partner at Warren Equity. “This partnership allows us to leverage strong industry experience, domain knowledge, and business leadership to drive growth. I am especially excited about building on this foundation by leveraging technologies to better serve our customers. With this partnership, we are well-positioned to help Concept Controls grow both organically and through strategic acquisitions.”
About Integrated Facility Solutions (IFS)
IFS is a Warren Equity Partners platform company focused on building an integrated facility services organization by executing a “buy, build and grow” strategy in the mid-market space. IFS has identified the safety, productivity, and environmental sectors as focused end-markets. IFS partners with companies that leverage technical expertise, technology, and customer-centricity to differentiate themselves. The team is dedicated to transforming the technology, connectivity, data analytics, and optimized user experience of partner companies by driving operations and commercialization. For more information, please visit www.ifsconnects.com.
About Warren Equity Partners
Warren Equity Partners is a private equity firm that invests in small and middle-market operating companies primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies in the industrial services, industrial products, business services, and distribution sectors. Warren Equity invests in the form of buyouts, growth equity, and recapitalizations. For more information, please visit www.warrenequity.com.
About Concept Controls Inc.
Based in Alberta, Canada, Concept Controls distributes, services, and rents industrial safety equipment throughout North America. The Company’s products include gas detection, environmental monitoring and industrial hygiene equipment for the industry’s leading manufacturers. As a trusted partner for providing safety solutions to customers, the Company has been built on providing exceptional service, advice, and the best products on the market. For more information, please visit www.conceptcontrols.com.