Altus Fire and Life Safety (“Altus”), a portfolio company of funds advised by Apax Partners LLP (“Apax”), and a leading provider of regulation-mandated fire and life safety services in the Northeastern and Mid-Atlantic regions of the United States, today announced that it has acquired Facility Compliance Services LLC & Facilities Compliance Fire Protection LLC (“FCS” or “the Company”), a provider of similar services.
FCS provides high-quality inspection, testing, maintenance and compliance services across a broad range of industries and is held in high regard for its expertise. FCS operates in an attractive and complementary geography, in Connecticut, where Altus previously had no material presence.
Altus’ acquisition of FCS marks its 10th acquisition since 2021, expanding its service offering and strengthening its commitment to providing top-tier fire protection, safety and compliance solutions to clients. Altus remains committed to executing its strategic plan to grow organically and through acquisitions by acquiring leading fire protection and life safety companies throughout the United States.
John Adams, CEO, Altus Fire & Life Safety said: “The acquisition of FCS is an important milestone in Altus’ growth journey. It equips us with the expertise and relationships to reach new customers, strengthening our ability to serve diverse end markets and expand our geographical footprint across the United States.”
Robert Boulanger III, Founder and CEO of FCS said: “We are excited to join Altus Fire & Life Safety. Altus’ reputation for excellence and innovation in fire protection and life safety makes this a perfect partnership. Together, we look forward to offering our clients an even more robust suite of services, helping them to stay compliant, safe, and secure. Additionally, we are pleased to offer our people an incredible opportunity to advance in a rapidly growing world-class organization.”
Nedu Ottih, Partner at Apax, said: “It’s great to see Altus make its first strategic acquisition within just a few months of receiving its initial investment from the Apax Funds. The Apax Funds have extensive experience in supporting portfolio companies with inorganic expansion and we are excited to collaborate with John, Robert and their teams in this next phase of growth.”
About Altus Fire & Life Safety
Serving customers for more than 30 years, Altus is a full-service fire and life safety services provider. Altus’ end-to-end capabilities include testing and inspection, service and repair, drills and training, monitoring, upgrade and installation services across product categories, including fire alarm, sprinkler and security systems. For more information on Altus, please visit www.altusfire.com
About FCS
Facility Compliance Services LLC & Facilities Compliance Fire Protection LLC specialize in providing comprehensive fire and life safety solutions. Headquartered in Berlin, Connecticut, FCS offers routine inspections, testing, and maintenance services to help businesses stay compliant with safety regulations and mitigate risks. For more information on FCS, please visit: https://www.facility-compliance.com/
About Apax Partners
Apax Partners LLP is a leading global private equity advisory firm. For over 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of almost $80 billion. The Apax Funds invest in companies across three global sectors: Tech, Services, and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax, please visit www.apax.com. Apax is authorized and regulated by the Financial Conduct Authority in the UK.
For more information, please contact:
Gil Lee
Senior Vice President of M&A
Altus Fire & Life Safety
[email protected]
www.altusfire.com
For media inquiries please contact:
Gill Corish
Head of Communications
Apax
[email protected]