Rockpool exits Fortus Group at 2.5x

Fortus is the third exit for Rockpool in 2022, having sold Boston MFO to Horizon Capital and Blume to Sun European Partners.

  • Fortus provides security equipment and monitoring services within the CCTV, fire, intruder detection and access control product verticals
  • Rockpool backed Fortus’ management team in December 2019
  • Rockpool and AIB provided further funding in March 2021 to support the simultaneous acquisitions of Enterprise Security and Re:Sure

Rockpool Investments exited its investment in Fortus Group, a provider of security equipment and monitoring services in an MBO backed by AIB Equity Capital. The exit delivers a 2.5x return and 36 percent IRR for Rockpool equity investors.

Based in Hertfordshire in England, Fortus supplies a range of CCTV, intruder, access control and fire safety products and is the largest B2B distributor of security products in Ireland, according to Rockpool.

Rockpool and AIB provided additional funding in March 2021 to support the acquisitions of Enterprise Security and Re:Sure, resulting in Fortus’ revenues reaching over €100m. The acquired companies are headquartered in Bramley, England and Dublin, Ireland, respectively.

“Fortus is another great example of a buy and build strategy delivering consistently strong returns in a short time period for Rockpool investors,” said Guy Ellis, partner at Rockpool.

Rockpool is a London-based firm that makes direct investments into established UK private companies.

AIB Equity Capital is the principal investment arm of AIB. It invests the bank’s own capital, primarily in Ireland. The bank is headquartered in Dublin.