Argosy Private Equity-backed Aerial completed the acquisition of HazPro.

Argosy Private Equity-backed Aerial, a designer, manufacturer and distributor of survivability products and services, completed the acquisition of HazPro, a US-based defense manufacturer specializing in passive fire suppression solutions for military and tactical vehicles. Financial terms were not disclosed. "This acquisition not only enhances Aerial's intellectual property portfolio with HazPro's proprietary fire suppression systems, but it also creates immediate post-close synergies, which we believe position the business for future growth and increased value proposition to Aerial's customers," Jack Nugent, Argosy Private Equity Partner.