Tag: John Adams
AE Industrial Sells Altus Fire & Life Safety to Apax Funds
September 3, 2024SSN Staff
NEW YORK — Altus Fire & Life Safety (Altus) has announced that it has received a strategic investment from funds advised by Apax Partners LLP (“Apax”), a global private equity advisory firm.
Financial terms of the transaction with AE Industrial Partners, a leading private equity firm specializing in national security, aerospace, and industrial services, were not disclosed. According to the company, Altus has grown rapidly in the past few years, both organically and via strategic...
Altus makes second acquisition in a week with Priority Fire and Security
June 1, 2023SSN Staff
NEW YORK – Altus Fire and Life Safety is on a roll with its second acquisition this week - Priority Fire and Security, a provider of design, installation, monitoring, maintenance and repair services for fire and security systems in locations across Massachusetts.
As with the acquisition of Crime Intervention Alarm (CIA) earlier this week, Altus will retain Priority Fire Founder and President Steve Prior in an active roll at the company. Terms of the transaction have not been disclosed.
“We’re...
Altus Fire and Life Safety acquires Crime Intervention Alarm
May 31, 2023SSN Staff
NEW YORK – Full-service fire and life safety platform Altus, backed by private equity firm AE Industrial Partners, has announced its acquisition of Crime Intervention Alarm (CIA).
CIA is an installation, monitoring, inspection and service provider for security and surveillance systems, access control and fire systems that operates out of York, PA, and the greater mid-Atlantic region. Altus announced that current CIA President John Lakatosh would remain with them in an active role following...
Altus Fire and Life Safety acquires BK Systems, Inc.
June 2, 2022SSN Staff
BROOKLYN, N.Y.—Altus Fire and Life Safety, a full-service fire and life safety platform, announced it has acquired BK Systems, Inc., a provider of installation, monitoring and repair services for fire alarm, fire suppression and security systems across New Hampshire, Maine, Vermont and Massachusetts.
BK Systems Founder Karl Klardie and his daughter Beth Mortell will maintain a minority stake in the company. Terms of the transaction were not disclosed.
Established in May 2021, Altus is...
Altus Fire and Life Safety acquires Croker
March 31, 2022SSN Staff
BROOKLYN, N.Y.—Altus Fire and Life Safety, a full-service fire and life safety services platform, announced it has acquired Croker, a provider of fire, life safety, emergency preparedness and business resilience programs in the Northeastern U.S. Terms of the transaction were not disclosed.
Altus, a fire and life safety services platform owned by private equity firm AE Industrial Partners, LP, now consists of five businesses - Cross-Fire & Security, Alarm & Suppression, NISCO, Adcock,...