|By Business Wire||
|January 28, 2014 02:00 AM EST||
OpenGate Capital, a global private buyout firm, announced today it has integrated AGIS Fire & Security into its portfolio of wholly owned businesses through an arrangement with Sebastien Kiekert Le Moult, one of the firm’s partners and the current Chairman of AGIS Group. Terms of the integration were not disclosed.
AGIS Fire & Security is an international provider of electronic security and fire protection solutions, with approximately 210 people working in operations in Poland, Greece, Finland and Hungary. The business, which has been in existence for more than 40 years, develops state-of-the-art, tailor-made and completely integrated services and solutions for fire and security systems for world class businesses including Zara/Inditex, Nokia, Unilever, Audi, Sephora, Thomson Reuters, Dell, Tesco, British American Tobacco, Procter & Gamble and Google. Recently, AGIS was awarded assignments in Poland including new fire and security systems for the University Hospital, high tech electrical installations for a border crossing point, and a new, integrated fire and security system for a district courthouse. Through a long standing relationship with Tyco and Sensormatic, AGIS Fire & Security has an extended, worldwide presence via their network.
In September of 2013, AGIS acquired a strategic and complementary business, SSI S.A., which was listed on the Warsaw Stock Index. SSI S.A. was founded in 2004, in Wrocław, Poland. The company serves a wide range of electrical installations, low voltage systems and fire protection solutions for construction and industry markets, entertainment centers, office towers, hospitals, and other businesses. The scope of the company’s services included design, implementation, service and maintenance of offered systems. With the majority of the SSI business and its employees having been integrated into AGIS, the acquisition expands the entire suite of products and services offered by AGIS, and will bring new markets and projects into the portfolio of business.
Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO, stated, “The integration of AGIS Fire & Security into the OpenGate Capital portfolio is an important development for our firm. Not only does AGIS Fire & Security increase our firm’s pan-European presence, the integration also represents Sebastien’s important role as one of our partners.” Sebastien Kiekert Le Moult joined OpenGate Capital as Partner in 2012 and has since led several transactions in the US and in Europe.
Commenting on the transaction, Sebastien stated, “I have had a long term relationship with Andrew Nikou and other partners at OpenGate Capital for over 15 years, and I am proud to have come on board as Partner working alongside the entire OpenGate team. AGIS Fire & Safety has been a terrific investment since 2010, and by integrating it with the OpenGate Capital portfolio, it will enable the business to continue to grow and benefit from the firm’s business development and portfolio management team and resources.”
About OpenGate Capital
OpenGate Capital is a global private investment firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California, and maintains offices in Paris, France, and São Paulo, Brazil. OpenGate’s seasoned professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 30 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $3 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com.
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