Align Capital Partners has acquired International Systems of America (ISA) from Gen Cap America. Gen Cap acquired ISA in September 2010.
International Systems of America provides inspection, maintenance, and repair services and sells new, repaired, and remanufactured parts for fire and security systems. ISA is led by its CEO Mike Epperson and is headquartered in Louisville (www.isa-net.com).
“Due to the hard work of the ISA team and support of Gen Cap over the past seven years, we’re well-positioned to execute on multiple growth channels,” said Mr. Epperson.
“ISA is a great example of the business attributes and industry dynamics that are core to Align’s investment strategy,” said Managing Partner Steve Dyke. “The company has been successful in building a unique, dual-pronged service and parts model facilitating niche leadership within a large, fragmented market. Align is focused on growing ISA through organic growth and acquisitions, while maintaining the exceptional service culture that the company embodies today under the continued leadership of CEO Mike Epperson.”
Align Capital Partners makes control investments in companies that have from $3 million to $10 million of EBITDA. Sectors of interest include specialty manufacturing, distribution and business services. The firm was founded in 2016 by managing partners Steve Dyke, Robert Langley, and Chris Jones – all formerly of The Riverside Company – and has offices in Cleveland and Dallas (www.aligncp.com).
Working alongside Mr. Dyke on this transaction were Managing Partner Chris Jones, Operating Partner John Dupuy, Vice President Jack Parks and Associate Jonathan Vadiee. The buy of ISA is Align’s fifth platform company investment since the firm’s first fund closed at its hard cap in September 2016 with $325 million of capital.
Gen Cap America invests in companies with revenues between $5 million and $100 million that are active in the manufacturing, distribution or service sectors. The firm is currently investing through Southwest Fund VII, a $250 million fund which had a final close at its hard cap in January 2017. Gen Cap was founded in 1985 and is based in Nashville (www.gencapamerica.com).
© 2018 Private Equity Professional | January 8, 2018
