Apax Partners acquired Altus Fire and Life Safety, expanding its presence in the fire and life safety sector.
| Acquirer | Target | Value | Type | Closed Date | Advisors |
|---|---|---|---|---|---|
| Apax Partners (GB) | Altus Fire and Life Safety (US) | Undisclosed | Acquisition | 2024-03-05 | Buy-side: Lincoln International, William Blair, Solomon Partners; Sell-side: Lincoln International |
The acquisition aims to bolster Apax's position in the fire and life safety market through Altus Fire and Life Safety’s expertise and industry leadership.
Deal Mechanics
Details on financial terms of the deal were not disclosed. However, the transaction was facilitated by a group of advisors from both sides. Lincoln International served as lead advisor for both buy-side and sell-side roles, with additional support provided by William Blair and Solomon Partners for Apax.
Strategic Rationale
Apax Partners sees Altus Fire and Life Safety's comprehensive services in fire prevention and safety systems as a strategic fit to expand its portfolio in the U.S. market. The acquisition aims to leverage Altus’s expertise in designing, installing, maintaining, and repairing fire protection systems for commercial buildings.
Financial Context
Altus Fire and Life Safety operates across various sectors such as healthcare, education, hospitality, retail, industrial facilities, and government institutions. The company's financial performance was not disclosed but is known to have a strong track record in providing critical fire safety solutions.
Advisors
The deal advisory team for Apax Partners included Lincoln International as lead advisor alongside William Blair and Solomon Partners. AE Industrial Partners, the former owner of Altus Fire and Life Safety, was advised by Lincoln International throughout the transaction process.
Outlook
With this acquisition, Apax Partners is positioning itself to tap into the growing demand for advanced fire safety solutions in commercial infrastructure. The company aims to further integrate Altus’s technologies and services with its broader investment portfolio to serve a wider range of clients.