Burlington, ON November 1, 2021 / – Newlook Capital Inc. (“Newlook”) is pleased to announce that Integrated Fire & Security Solutions (“IFSS”), a portfolio company of Newlook Capital Industrial Services Fund II (“Fund II”) has made an investment in Diversified Systems, Inc. (“Diversified”), based in Knightdale, NC. The transaction closed September 30, 2021.
Founded in 1990, Diversified Systems, Inc. (Diversified) is a North Carolina based security systems integrator, specializing in design, consultation, installation, and service of access control systems, closed circuit television / digital video recording, fire and life safety systems, vehicle control, and high security locks. Turnkey security services including assessment and design, engineering, installation, maintenance, and support. Diversified is located in Knightdale, North Carolina.
Integrated Fire & Security Solutions (IFSS), headquartered in Fort Myers, Florida, provides fire protection and access control / high security systems throughout Florida from their five locations. IFSS’ services range from comprehensive building fire and security systems to specialized integrated fire and security solutions for K-12 & higher education, airports & sea ports, government & municipalities, and additional commercial verticals. These systems can include the full array of electronic fire protection systems, card readers, biometric devices, door hardening & electronics, paging & intercom systems, duress & intrusion detection, vehicle or man gates, wireless interface, video badging stations, and video surveillance systems.
“Diversified is an excellent opportunity for IFSS to expand its services in the Carolinas and Virginia and to team up with very experienced management to continue to grow and expand the business” said Justin Peterson, president of IFSS. He added: “I am extremely happy to welcome John Sartori and his team at Diversified to the IFSS family. We are pleased to be partnering with John in continuing to grow and develop Diversified’s business footprint and products and services offering”.
“The leadership team at IFSS is well placed to build on the capabilities of DSI and we look forward to continued partnership with both IFSS and DSI moving forward”, said Elroy Gust, President & CEO of Newlook, ”a well deserved thank you to Oliver Blum and the acquisitions team at Newlook for a timely close”.
ABOUT NEWLOOK CAPITAL INC.
Newlook Capital is a private equity firm that currently manages 2 industry-specialized funds. Each fund has its own focused, experienced, and aligned management, and a defined strategy. Investing throughout Canada and the U.S. with a preference for companies that exhibit a solid tangible assets base, Newlook Capital is focused on and current holdings include; industrial services in Canada and the U.S., dental practices, and QSR in Canada. Newlook Capital Inc. took the initiative to establish Newlook Industrial Services II LP and manages the fund. This press release is for informational purposes only and should constitute nor be taken as a offer or solicitation to buy or sell securities.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “proposed”, “expects”, “intends”, “may”, “will”, and similar expressions. Forward-looking information contained or referred to in this press release includes, but may not be limited to, acquisitions to be completed by the company, the growth of the business.
Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, general economic conditions, failing to realize the anticipated benefits from the acquisition of the company, risks associated with valuing investments, risks associated with fire prevention services generally, competition, technological changes and regulatory risks. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of Newlook based on information currently available to the Newlook. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Newlook disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
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