Announced
Completed
Financials
Tags
Acquisition
Friendly
United States
security systems
Security Equipment
Private
Completed
Single Bidder
Private Equity
Domestic
Majority
Synopsis
AE Industrial Partners-backed Altus Fire, a full-service fire and life safety platform, agreed to acquire Crime Intervention Alarm, a provider of installation, monitoring, inspection and service for security and surveillance systems, access control and fire systems. Financial terms were not disclosed. "The strategic addition of CIA strengthens our services portfolio with a diverse range of critical security and life safety solutions while also expanding our presence into Pennsylvania and deeper into the mid-Atlantic region. The addition of CIA is an important step for us as it provides Altus with the ability to meet the increasing demand arising from our customers seeking security solutions to enhance our current fire safety offerings. We're delighted to welcome John and CIA to our growing team," John Adams, Altus CEO.
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