Concept Controls Inc.
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Concept Controls Inc. - overview
Location
Burnaby, BC, Canada
Primary Industry
Industrial Machinery
About
Concept Controls Inc. provides specialized safety solutions through a comprehensive range of gas detection and fall protection products, ensuring workplace safety across various industries. Concept Controls Inc. is headquartered in Burnaby, Canada, and focuses on safety solutions through gas detection systems and fall protection equipment.
The company was acquired by Integrated Facility Solutions LLC, a portfolio company of Warren Equity Partners, in November 2020. The founder and CEO information is currently not available. Concept Controls specializes in providing advanced safety solutions primarily through its extensive range of gas detection and fall protection products. Their offerings include single-gas and multi-gas detectors designed for continuous operation without the need for frequent sensor or battery replacements.
These devices are compact and user-friendly, equipped with various sensor options for a range of toxic gases, ensuring precise monitoring and safety in challenging environments. The company also supplies fixed gas detection systems and calibration equipment, enhancing workplace safety and compliance across sectors such as oil and gas, healthcare, construction, and emergency response, especially in North America, Europe, and Australia. Furthermore, they offer engineered fall protection systems tailored for workers at heights, including harnesses, self-retracting lifelines, and confined space systems. Concept Controls generates revenue through direct sales of its gas detection and fall protection products to businesses and organizations that prioritize workplace safety.
The company engages in B2B transactions, supplying its products to various sectors, including industrial, governmental, and commercial clients. Revenue streams include one-time purchases of equipment, alongside potential subscription services for calibration and maintenance of devices. Their flagship products, such as the RKI GX-Force multi-gas monitor and engineered fall protection systems, are marketed with tailored pricing strategies to meet the specific needs of different client segments. Transactions typically involve bulk orders, where clients may receive tailored pricing based on volume and contract agreements, fostering long-term partnerships with safety and compliance as the primary focus.
Concept Controls is poised for growth with plans to expand its product offerings, including new gas detection devices and advanced fall protection systems targeted for release in 2023. The company aims to penetrate new markets in Asia and South America by the end of 2024, leveraging its recent acquisition to enhance distribution capabilities. The funding from the acquisition will support these initiatives, facilitating the development of new products and outreach to emerging markets.
Current Investors
Integrated Facility Solutions LLC
Primary Industry
Industrial Machinery
Sub Industries
Facilities & Maintenance Services, Consulting Services, Industrial Machinery, Logistics & Distribution
Website
www.conceptcontrols.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Concept Controls Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Multigas Detection & Instrumentation Services Group Inc. | - | ||||||||
| Add-on | Completed | Concept Controls Inc. | - |
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