Together with its deal partner Trimountain Partners, Vorsprung is acquiring a majority stake of ABCA Systems, a high growth fire and security service and compliance business in the UK.
Vorsprung is pleased to announce that it has invested alongside with its deal partner Trimountain Partners, to become the new majority shareholder of ABCA Systems, a high growth self-delivery fire and security compliance business in the United Kingdom.
Founded over 30 years ago and headquartered in Newcastle, ABCA Systems employs over 70 engineers and project managers alongside a proven and motivated management team in their fast-growing UK-based self-delivery fire and security compliance business. The company focuses on providing regulatory and compliance driven installation and maintenance of fire and security systems to a broad base of public and private sector customers, resulting in a attractive financial and cash flow profile.
ABCA Systems benefits from its strong position in the large, fragmented and growing fire and security market capitalizing on non-discretionary spend, driven by regulation, certification and insurance needs. Through its highly accredited platform, broad and diversified blue chip client base as well as its strong track record in acquiring and integrating business, it has established itself as a major national provider of regulatory and compliance driven installation and maintenance of fire and security systems in the UK.
Verne Grinstead, Senior Deal Partner of Vorsprung, commented:
"We are very excited to be teaming up with our friends at Trimountain Partners and the exceptional management team at ABCA Systems, who have build a very attractive, fast growing and consistent self-delivery business model which serve a diversified base of blue chip customers whilst maintaining a highly reputable "local business feel" for its customers. We are convinced that all parties share the right fundamentals for a successful partnership in the chapter to come."