Astira Capital Partners completed the acquisition of Altus from ARMStrong.

Astira Capital Partners, a private equity firm, completed the acquisition of Altus, a provider of commercial receivables management solutions, from ARMStrong, a provider of commercial accounts receivable management and related insurance services. Financial terms were not disclosed. "We are thrilled to partner with Astira as we continue to scale Altus. Astira’s deep experience in technology-enabled services and its focus on value-added operational and strategic support will be instrumental in accelerating our growth. Together, we will continue to innovate and deliver best-in-class solutions for our clients," Jim McDermott, Altus CEO.