Blackford Capital Acquires Industrial Electronic Systems, Inc. as Second Add-on to Safety and Fire Solutions Platform
Blackford Capital has acquired Industrial Electronic Systems (IES), marking its second add-on acquisition for the firm's Security Fire Solutions platform. Founded in 1982 and based in Sacramento, IES specializes in fire alarm systems, security solutions, and life safety services across Northern California. The company joins Blackford’s portfolio following the initial acquisition of Security Fire Systems (SFS) in December 2024 and Lakeview Security's addition as a first add-on in September 2025. Dan Stachel, CEO of SFS, will lead the platform under the SFS brand. Martin Stein, founder of Blackford Capital, emphasized that IES aligns with their buy-and-build strategy by offering technical excellence and long-term customer relationships. Lutfi Abed, founder of IES, expressed optimism about growth opportunities through integration into Blackford’s portfolio. Blackford focuses on lower-middle-market manufacturing and service companies in the $20 million to $200 million revenue range. The acquisition is expected to enhance operational scale while preserving each company's strengths.
