Ascend has assisted with a total of eight acquisitions that support Fidelity BSG’s strategy to expand its technical capabilities, services, and geographic footprint.
TYSONS, VA (January 26, 2023) – Ascend Capital Group (“Ascend”) advised Fidelity Building Services Group (“Fidelity BSG”), a premier provider of high-performance integrated technical building solutions, on its acquisition of three leading platforms—CT/HX, HVAC Control Technology (HCT), and Cii Service.
“The combination of Ascend’s understanding of our investment strategy, expertise in our sector, and ability to articulate our value proposition is incredibly powerful,” said John Wissel, Chief Corporate Development Officer at Fidelity BSG. “The Ascend team continues to represent us well, finding the right strategic opportunities that fit our mandate and culture. They have been instrumental in our corporate development strategy and helping position us for strong growth ahead.”
Fidelity BSG is executing an aggressive growth strategy aimed at expanding both its technical capabilities and its geographic footprint into strategic, high-growth markets. Since October 2020, the Ascend team has originated, and in some cases helped close, eight transactions on behalf of Fidelity BSG’s acquisition strategy. The company and its forward-thinking leadership team are intensely focused on adapting to the ever-changing technological landscape by delivering smart and efficient software advancements for integrated technical building solutions, all through proactive, world-class service.
“All three of these acquisitions are a solid continuation of Fidelity BSG’s strategy to grow service capabilities and expand to high-tech controls within high-growth geographies,” said Thien Van Tran, Director at Ascend. “Fidelity doesn’t just look to acquire companies—much thought goes into how the companies and potential acquisitions come together to support Fidelity BSG’s mission to provide customers with high-quality technical services, solutions, and innovation. While these three companies focus on different areas, they all perfectly fit within Fidelity BSG’s overarching strategy.”
Fidelity BSG is currently pursuing strategic partnerships with HVAC/Mechanical, Emergency Power Generation, and Building Automation & Controls companies with a solid track record of success and established commercial, government, educational, and/or industrial clients. Please contact Thien Van Tran at thien@ascendcg.com to learn more.
