Saothair Capital Partners completed the acquisition of AAI from Halma.

Saothair Capital Partners, a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, completed the acquisition of AAI, a designer and manufacturer of fire and life safety detection solutions for residential and commercial applications, from Halma, a group of safety equipment companies. Financial terms were not disclosed. "We are tremendously excited to partner with Chief Executive Officer Kaid Cousineau and the senior leadership team to build on the company's strong foundation and ensure a smooth transition. We thank Halma for their partnership throughout this process and for the opportunity to acquire AAI," Kevin Madden, Saothair Co-founder and Managing Partner.