Audax Private Equity has partnered with management to acquire Impact Facility Services, d/b/a Academy Fire Life Safety, from Caltius Equity Partners, a private equity firm based in Los Angeles.
Terms of the transaction have not been disclosed.
Academy, headquartered in Maspeth, NY and Long Beach, CA, is a provider of fire and life safety services to national, regional, and local customers across retail, hospitality, healthcare, industrial, and other end markets. Academy offers inspection, service, customised work orders, and installation for fire alarms, sprinklers, fire extinguishers, and other fire suppression systems.
Geoffrey Rehnert, co-CEO of Audax, says: “Academy is a leader in the fire and life safety services industry. We look forward to working with Mike Lloyd and the Academy team to continue building a leading platform through organic growth and add-on acquisitions.”
Mike Lloyd, CEO of Academy, says: “Academy is excited to be partnering with Audax for our next chapter of growth. Audax brings expertise and resources that we anticipate will help us continue to build upon our market leadership position by expanding beyond our current footprint through strategic acquisitions and growth initiatives.”
Lincoln International served as financial adviser to Academy. Kirkland & Ellis served as counsel to Audax.
