M&A Deal Summary

Apax Acquires Altus

On September 3, 2024, private equity firm Apax acquired safety/security company Altus from AE Industrial Partners

Acquisition Highlights
  • This is Apax’s 3rd transaction in the Safety/Security sector.
  • This is Apax’s 105th transaction in the United States.
  • This is Apax’s 18th transaction in New York.

M&A Deal Summary

Date 2024-09-03
Target Altus
Sector Safety/Security
Buyer(s) Apax
Sellers(s) AE Industrial Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International
Solomon Partners (Financial)

Target

Altus

New York, New York, United States
Altus is a full-service fire and life safety services platform. Altus offers a complete suite of solutions, from the design, engineering, installation, and servicing of state-of-the-art fire and life safety systems, to training, consulting, crisis management, and business continuity services. Altus is headquartered in New York City.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 262 of 263
Sector (Safety/Security) 3 of 3
Type (Secondary Buyout) 66 of 66
State (New York) 18 of 18
Country (United States) 105 of 105
Year (2024) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-28 Veriforce

The Woodlands, Texas, United States

Veriforce is a provider of integrated compliance, safety, and training solutions specifically tailored to energy operators and their contractors within the upstream, midstream, and downstream segments of the energy industry. Veriforce was founded in 1993 and is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 S&W

London, United Kingdom

S&W is a professional services firm, it's broad range of services span business and private client tax advice, assurance and business services and a suite of advisory and digital services that include recovery and restructuring, forensic services, and transactions. S&W is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

AE Industrial Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.2B USD
Size Mega
Type Sector Focused
DESCRIPTION
AE Industrial Partners' headquarters in Boca Raton, Florida.
AE Industrial Partners' headquarters in Boca Raton, Florida.

AE Industrial Partners is a private equity firm focused on acquiring and investing in aerospace and industrial companies. The Firm specifically looks for established, profitable companies in the aircraft propulsion (turbojet, turbofan and turboprop aircraft engines) and power generation (industrial turbines) industries, as well as the manufacture of OEM and replacement parts, and aftermarket maintenance, repair and overhaul. AE Industrial Partners was formed in 1998 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 18 of 19
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 3 of 3
State (New York) 1 of 1
Country (United States) 18 of 19
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 Belcan

Cincinnati, Ohio, United States

Belcan is a provider of engineering project management and technical staffing solutions to a diverse spectrum of industries. Belcan was founded in 1958 and is based in Cincinnati, Ohio.

Sell $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-15 Kellstrom Aerospace

Davie, Florida, United States

Kellstrom Aerospace is an aerospace aftermarket business focused on providing new parts, surplus material and other technical services to airlines, MROs and lessors. Kellstrom Aerospace provides its customers with instant access to one of the world’s largest and most comprehensive inventories of new and pre-owned aircraft parts and offers world-class supply chain solutions, including new OEM parts distribution, consignment management, pre-owned parts distribution, repair management, overhauled rotable components, parts exchange, whole engine assets and fleet provisioning programs. Kellstrom Aerospace was founded in 2002 and is based in Davie, Florida.

Sell $200M