Ascend Advises Fidelity Building Services Group on its Acquisition of South Florida Controls

Ascend has closed five acquisitions that support Fidelity BSG’s strategy to expand its services and geographic footprint.

TYSONS, VA (December 17, 2021) – Ascend Capital Group (“Ascend”) served as the buy-side advisor to Fidelity Building Services Group (“Fidelity BSG”), a premier provider of high-performance integrated technical building solutions, on its acquisition of South Florida Controls (“SFC”). SFC is a Miami-based building automation and controls systems integrator that offers energy-efficient and sustainable solutions to the South Florida market.

SFC delivers innovative, dependable, and user-friendly building solutions to commercial, industrial, institutional buildings, and more and works alongside building managers and property owners to ensure that building automation systems (BAS) run at optimal performance. The company’s services include energy management, lighting controls, access controls, and the integration of multiple building management systems.

“Fidelity BSG has an impressive history of growth while maintaining its integrity and commitment to service excellence, and as an organization whose main focus is to deliver these values to our clients, SFC is excited to join the Fidelity BSG family,” commented Hector Hernandez, President/Partner of SFC. “By joining its portfolio, we are able to expand our best practices and provide new and exciting opportunities for our Team Members, and we look forward to the developments that are on the horizon.”

With over 20 years of experience in designing, executing and servicing energy management projects in the South Florida market, SFC has delivered over 450 successful installations in key markets including government, educational institutions, hospitals, hospitality facilities and retail, among others.

“South Florida Controls is an impressive organization that shares our culture of technical and service excellence with extreme customer focus,” said Dave Lanphar, CEO/Partner of Fidelity BSG. “We are excited to welcome its leadership, Team Members, and clients to the Fidelity BSG family. As highly skilled Systems Integrators, SFC compliments our rapid growth strategy of sustainability through automation and IoT technologies.”

In 2018, Fidelity BSG embarked on a strategic national growth plan and since that time, has expanded its geographical footprint from the Mid-Atlantic to include companies in the South, Southeast, and Gulf Coast regions. This is the fifth acquisition Ascend has originated and closed on behalf of Fidelity BSG’s acquisition strategy.

“This deal hits on all objectives of our mandate to Ascend to help us identify the best of the best,” added Lanphar. “Their understanding of our business, our vision, and the South Florida market allowed us to find the perfect partner to complement a previous acquisition, further expanding the Fidelity BSG experience in a key area.”

“Ascend has enjoyed a highly active relationship with Fidelity BSG over the past 14 months and remains excited to support Fidelity BSG and Onex Partners’ impressive M&A expansion strategy,” said Thien Van Tran, Vice President at Ascend. “Through its acquisition of SFC, Fidelity BSG not only deepens its expertise but bolsters its presence in South Florida and coverage of several hot industries.”

This acquisition was effective December 6, 2021.

Contact

Thien Van Tran

thien@ascendcg.com | 703.853.3055

This deal hits on all objectives of our mandate to Ascend to help us identify the best of the best. Their understanding of our business, our vision, and the South Florida market allowed us to find the perfect partner to complement a previous acquisition, further expanding the Fidelity BSG experience in a key area.

About Fidelity Building Services Group
About Fidelity Building Services Group

Fidelity BSG was founded in 1945 as a full-service mechanical engineering, contracting, and service company that introduced air conditioning, refrigeration, and process cooling to a new marketplace. The advent of air conditioning went on to revolutionize the entire building industry and Fidelity BSG has been on the leading edge ever since. Today, its geographic footprint has grown beyond the Mid-Atlantic, extending throughout the South, Southeast and the Gulf Region, establishing itself as a premier provider of high-performance integrated technical building solutions for the commercial and industrial facilities market.For more information, visit fidelitybsg.com.

About South Florida Controls
About South Florida Controls

For almost two decades, South Florida Controls has been providing exceptional building automation and controls services to industrial and commercial properties throughout South Florida. SFC’s service line offerings comprise of energy-efficient and sustainable solutions to building owners and property managers including energy management, lighting controls, access control, and integrated systems. Its portfolio of projects includes more than 450 successful installations in facilities such as healthcare, government, education, retail, and more. For more information, visit sfc-mia.com.

Next Up:

In the News, Our News

Ascend Wins Information Technology M&A Deal of the Year (Over $100M) from The M&A Advisor

November 22, 2022

Our News

Ascend Hiring an Investment Banking Associate

November 14, 2022

Our News

Ascend Hiring an Investment Banking Analyst

November 14, 2022