Cadre Holdings Acquires Alpha Safety
March 4, 2024
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.
- Buyers
- Cadre Holdings, Inc.
- Targets
- Alpha Safety Intermediate, LLC (Alpha Safety)
- Sellers
- Benford Capital Partners
- Industry
- Industrial Services
- Location
- Colorado, United States
- Transaction Type
- Buyout
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