Sudbury, Ontario – Nov 13th, 2019 – The Installation Group (TIG) today announced that it has received a majority investment from private equity firm FirePower Equity Inc. (FirePower). Financial terms were not disclosed. As a trusted installation and service partner to Canadian satellite TV and internet subscribers for over 20 years, TIG’s service model and outlook was a great fit for FirePower.
“We are excited to have access to FirePower’s depth of financial expertise and executive talent to help us strategically plan and execute through our next growth phase,” says Robert Lefebvre, CEO of TIG. “Having a partner who understands and supports our ambition and culture was also extremely important for us and our employees moving forward.”
FirePower Equity Inc., a division of FirePower Capital, is a Toronto-based private equity firm focused on the mid-market space.
Anthony Lipschitz, Partner at FirePower Capital, said, “TIG has built a compelling value proposition and an outstanding reputation for servicing their solution providers and customers alike. We look forward to partnering with and supporting Robert Lefebvre and the broader TIG team to capitalize on the company’s significant growth opportunities to continue to build the premier satellite TV, internet access and alarm installation company and continue to provide best-in-class service for its customers across Canada.”
Kevin Green, Director of Field Operations, Bell, Canada said, “In a competitive industry that is constantly evolving, TIG has proven its ability to stay ahead of the curve by providing world class training to their technicians and maintaining an agile approach to the ever changing technology needs of their partners as the market continues to evolve. We are very pleased for Robert and the team at TIG on their new partnership with FirePower which promises to strengthen our relationship even further.”
Year over year the company has seen growth amid a constantly changing product landscape. The dedicated team of professionals and longstanding partnerships have helped spur this growth and created lasting, mutually beneficial business relationships, while maintaining a family oriented corporate culture to delight and exceed both customers’ and employees’ expectations. Staying true to their core values of treating customers, employees and partners with fairness, respect and integrity, while meeting and exceeding above-average health and safety standards, remains central to the TIG story.
TIG will continue to operate in its location in Sudbury, ON, with Robert Lefebvre as CEO, and Anthony Lipschitz serving as TIG’s Chairman. With the ever-changing competitive landscape and rapidly evolving delivery on home internet access in particular, the new ownership structure enables the company to continue to address areas in the provinces of Ontario, Manitoba, Saskatchewan and Quebec. TIG will continue to strive to deliver exceptional service, value and expertise that their partners have come to expect, while remaining committed to exceptional teamwork.
FirePower Capital is the private capital and M&A advisory firm built for Canada’s entrepreneurs. Our team of 30+ deal professionals helps their mid-market businesses complete mission-critical transactions by advising them or investing in their companies directly. FirePower is the exclusive Canadian member of international partnership Mergers Alliance, providing expanded global reach and trusted expert resources and insights in foreign markets.
For further information, please contact:
Anthony Lipschitz
Partner, Private Equity
alipschitz@firepowercapital.com.
