BOSTON, MA – April 19, 2017 – Audax Private Equity (“Audax”) announced that it has partnered with management to acquire Impact Facility Services, LLC d/b/a Academy Fire Life Safety (“Academy”). Audax acquired Academy from Caltius Equity Partners, a private equity firm based in Los Angeles, CA. Terms of the transaction were not disclosed.
Academy, headquartered in Maspeth, NY and Long Beach, CA, is a leading 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, customized work orders, and installation for fire alarms, sprinklers, fire extinguishers, and other fire suppression systems. For more information, visit www.academyfire.com and www.impactfiresvcs.com.
Geoffrey Rehnert, **Co-Chief Executive Officer, Audax Group, said, “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, said, “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 advisor to Academy. Kirkland & Ellis, LLP served as counsel to Audax.