Cadre Holdings, a safety and survivability products mnufacturer, completed the acquisition of Cyalume Technologies, a manufacturer of proprietary chemical illumination solutions, from Arsenal Capital, a private equity firm, for $35m. “We are pleased to enter into an agreement for our second accretive acquisition since going public less than six months ago. I have followed Cyalume for over two decades and have always been impressed by its deep competency delivering a portfolio of diverse, proprietary illumination products to military and law enforcement end markets, which perfectly aligns with our life-saving mission, as well as our focus on acquiring high margin companies with leading market positions and strong recurring revenues and cash flows. We look forward to seeking to expand Cyalume’s product penetration across new military and commercial markets,” Warren B. Kanders, Cadre Chairman and CEO.