AE Industrial Partners Acquires Cross-Fire & Security Co.

Altus Fire and Life Safety Acquires Fire Systems, Inc.

May 5, 2022

Industrial Services

Altus Fire and Life Safety, an AE Industrial Partners portfolio platform, acquired Fire Systems, Inc., a family-owned fire and life safety services provider operating primarily in Massachusetts and Rhode Island. The founders — Charles and Cheryl Barrett and Gary Lanowy — will retain a minority stake; the acquisition expands Altus' footprint and service capacity in Southern New England.

Altus Fire and Life Safety (AE Industrial Partners) Acquires Croker

March 31, 2022

Industrial Services

Altus Fire and Life Safety, a fire and life safety services platform owned by private equity firm AE Industrial Partners, acquired Croker, a 110-year-old provider of fire, life safety, emergency preparedness and business resilience programs serving the Northeastern U.S. Croker's president Brian L. Weinstein will remain with the company and retain a minority stake; terms were not disclosed. The deal expands Altus' capabilities and scale across commercial and healthcare facilities in New York, Connecticut, New Jersey, Pennsylvania and Delaware.

Cross-Fire & Security (AE Industrial Partners) Acquires Adcock's Systems

March 15, 2022

Electrical Services

Cross-Fire & Security Co., a life-safety platform backed by AE Industrial Partners, has acquired Adcock's Systems LLC, a Waldorf, Maryland-based fire alarm, electrical and sprinkler contractor. The add-on expands Cross-Fire's geographic footprint into the Washington, D.C. market and adds sprinkler capabilities; terms were not disclosed and Adcock's existing management will remain in place.

AE Industrial's Cross-Fire & Security Acquires NISCO

December 2, 2021

Electrical Services

Cross-Fire & Security Co., a life-safety platform backed by AE Industrial Partners, acquired NISCO, Inc. (Northeast Integrated Systems and Northeast Fire Systems), a provider of fire alarm and life safety solutions in Massachusetts and New Hampshire. The transaction is an add-on to Cross-Fire’s platform to expand capabilities and scale in the Northeastern United States; financial terms were not disclosed.

Cross-Fire & Security Acquires Alarm & Suppression, Inc.

November 30, 2021

Industrial Services

Cross-Fire & Security Co., a life-safety platform owned by private equity firm AE Industrial Partners, has acquired Alarm & Suppression, Inc., a fire alarm and suppression services provider based in Ballston Lake, New York. The deal is Cross-Fire's first add-on acquisition as the platform looks to expand geographic reach and service capabilities across the Northeastern U.S.; A&S owner Tom Murray will remain with the company and retain a minority stake.

AE Industrial Partners Invests in Fire Team Solutions

November 1, 2021

Cybersecurity

AE Industrial Partners’ affiliate AE Industrial Partners Structured Solutions I, LP made a significant equity and debt investment in Fire Team Solutions, a Reston, Virginia-based provider of cloud, cyber, and software development services to the U.S. intelligence community. Financial terms were not disclosed; Fire Team’s founder and CEO Nicholas Harscher will remain in place as AEI provides operational support and industry relationships to accelerate growth and capability development.