Cadre Holdings Completes Acquisition of Carr's Engineering Division

Cadre Holdings Acquires Alpha Safety

March 4, 2024

Industrial Services

Cadre Holdings, Inc. (NYSE: CDRE) has acquired Alpha Safety Intermediate, LLC, the operating parent of Alpha Safety, for $106.5 million (excluding working capital and certain adjustments). The acquisition, which closed March 1, 2024, expands Cadre's safety equipment platform into the nuclear safety market and was funded with available cash and additional term debt under Cadre's credit facility. Benford Capital Partners was the selling private equity sponsor.

Cadre Holdings Acquires ICOR Technology

December 22, 2023

Aerospace & Defense

Cadre Holdings, Inc. (NYSE: CDRE) has acquired ICOR Technology Inc., an Ottawa-based manufacturer and distributor of explosive ordnance disposal (EOD) robots and specialized protective security equipment. The deal — presented as an add-on to Cadre's EOD business — was funded with available cash, is expected to be immediately accretive, and adds a business that generated roughly CAD 26 million in revenue for the year ending July 31, 2023.

Cadre Holdings Acquires TYR Tactical

February 3, 2026

Aerospace & Defense

Cadre Holdings, Inc. (NYSE: CDRE) has completed its acquisition of TYR Tactical, a global manufacturer of tactical gear for military, law enforcement, and government agencies. The deal consideration included $120 million in cash, $24 million in Cadre common stock, $1 million in RSUs for certain TYR employees, and up to $25 million in earn-out consideration, and Cadre separately acquired certain real property from a TYR affiliate for $30 million.

Cadre Holdings Acquires Cyalume Technologies

May 3, 2022

Aerospace & Defense

Cadre Holdings, Inc. (NYSE: CDRE) completed the acquisition of Cyalume Technologies, a leading manufacturer of chemical illumination solutions, for $35.0 million. The deal is expected to be immediately accretive, leaves Cyalume's management in place, and was funded using Cadre's cash and a draw on its existing credit facility.

Palm Beach Capital Exits Investment in Cadre Holdings

November 21, 2022

Manufacturing

Palm Beach Capital announced it has fully exited its investment in Cadre Holdings, Inc., realizing proceeds equal to 9.3x its invested capital. Cadre, headquartered in Jacksonville, Florida, is a global manufacturer and distributor of safety and survivability equipment for first responders and federal agencies; the exit follows Cadre's IPO in November 2021 and a period of growth driven by thirteen acquisitions.

Karnell Group Acquires NE Engineering Ltd

July 12, 2024

Manufacturing

Karnell Group AB (publ) has acquired a 90.1% stake in NE Engineering Ltd, a Norwich-based precision engineering company specializing in CNC milling and turning. The acquisition expands Karnell's Niche Production business area, with NE's founders retaining 9.9% and an earnout tied to 2024–2025 performance; Karnell cited technical capability and cross-sell potential with its existing UK assets as drivers of the deal.