Initial Electronics, a systems integration company out of Alsip, Ill., and itself a subsidiary of Rentokil Initial, has acquired Integrated Security Systems (ISS) of Danbury, Conn.
ISS, which services a number of Fortune 500 companies, has specialized in the integration of electronic security systems and fire safety control systems. The company has worked in the educational and healthcare markets in addition to the corporate facilities market, and is a member of the PSA Security Network.
Rentokil Initial, which owns Initial Electronics, is a publicly traded company from the UK comprised of 90,000-plus employees across the world. The company specializes in business-to-business services.
According to John Colley, a previous co-owner of ISS who is now a regional V.P., the acquisition will be key to the growth of ISS's business thanks to additional funding opportunities.
"Joining the Initial Electronics team allows us to provide a substantial offering to our customers and supplies us with the financing necessary to grow our business," said Colley in a statement on Thursday. "As part of a worldwide provider of security services, Initial Electronics is a natural fit and their future plans are in line with our aspirations for the business. Both Gerard [Costello, the other prior co-owner of ISS] and I look forward to being part of a larger organization while still being able to provide local response and commitment to our customers."
Colley and Costello will continue to manage ISS in the northeastern United States.
Initial Electronics is available online at www.initialelectronics.com. According to company statements, Initial Security is the fifth largest security company in North America.