- SEi acquisition creates Midwest hub for Zeus Hearth and Security, increasing its footprint and progress alternatives.
- Provides industrial income base with recurring income and retention
- Gives an M&A platform with greater than 600+ acquisition targets throughout the Midwest.
PAOLI, Pa – Zeus Hearth and Safety, a portfolio firm of Entry Holdings, at the moment introduced a brand new partnership with SEi, a supplier of safety, hearth safety, video surveillance, entry management and monitoring options headquartered in Omaha, Nebraska.
SEi “will be a part of forces with Zeus to additional the corporate’s mission of defending Individuals, Property, and Income whereas strengthening Zeus’ presence throughout Nebraska, Iowa and the higher Midwest,” based on the joint announcement. For greater than 5 a long time, SEi “has constructed a fame for delivering modern safety options, distinctive customer support and trusted safety for companies, establishments, and householders.”
“SEi has established itself as one of the crucial revered safety suppliers within the nation by way of its dedication to prospects, innovation and operational excellence,” says Scott R. Elkins, chief government officer of Zeus Hearth and Safety, within the joint announcement.
“Their experience in industrial safety, video surveillance, entry management, monitoring, hearth programs and built-in expertise options has made them a trusted companion for purchasers all through the area,” he says. “Their robust tradition, gifted workforce, and fame for business management make them a super addition to the Zeus household.
“Collectively, we are going to proceed investing in individuals, expertise and capabilities that create even higher worth for our prospects,” he says.
Why Did Zeus Hearth and Security Purchase SEi?
Based in 1969, SEi supplies “a complete portfolio of safety and life security options, together with intrusion detection, video surveillance, entry management, hearth alarm programs, monitoring companies and built-in applied sciences,” based on the joint announcement.
The corporate is acknowledged for “its experience in designing and supporting complicated industrial safety environments throughout healthcare, training, monetary companies, authorities and industrial markets all through the Midwest,” the announcement says.
SEi is “a extremely accretive addition to the Zeus platform, combining fast scale advantages with important long-term worth creation alternatives,” based on the joint announcement.
The acquisition “strengthens Zeus’s place as a number one industrial hearth and safety supplier by including a uncommon, scaled Midwest platform with over 90% industrial income, a extremely recurring income base and a powerful market presence throughout Nebraska, Iowa and Missouri,” the announcement says.
Past “the fast monetary advantages,” the transaction “creates a brand new regional hub able to supporting substantial natural progress and future M&A exercise, elevated recurring income and enhanced shareholder worth,” based on the joint announcement.
“Becoming a member of Zeus represents an thrilling alternative for our workers, prospects, and communities,” says Mike Meridith, former CEO of SEi and incoming senior vice chairman of company improvement for the Midwest at Zeus Hearth and Safety, within the joint announcement.
“All through our historical past, we’ve remained centered on constructing lasting relationships and delivering options our prospects can rely on,” he says. “Partnering with Zeus provides us entry to further assets, experience, and progress alternatives whereas preserving the customer-first method and native relationships which have outlined SEi for many years.”
Zeus Continues its Growth Plans
Zeus Hearth and Safety was established in 2022 to companion with hearth safety and safety corporations throughout North America. The partnership with SEi “displays Zeus’s continued dedication to constructing a nationwide community of premier operators that share a standard dedication to service excellence, worker improvement and buyer success,” based on the joint announcement.
“From our first conversations, it was clear that Zeus shares our values and long-term imaginative and prescient,” says Matt Vellek, president of SEi, within the joint announcement. “This partnership permits us to speed up progress, develop alternatives for our workforce members and improve the companies we offer our prospects. We’re enthusiastic about what we will accomplish collectively as a part of the Zeus household.”
The addition of SEi “additional strengthens Zeus’s rising nationwide footprint and enhances its skill to ship complete hearth and safety options throughout Zeus’s cohesive areas and finish markets,” based on the joint announcement.
