Simpson Thacher is representing funds advised by Apax Partners LLP in connection with their announced strategic investment in Altus Fire & Life Safety (“Altus”), a leading provider of regulation-mandated fire and life safety services in the Northeastern region of the USA. Financial terms of the transaction with AE Industrial Partners, a leading private equity firm specializing in national security, aerospace, and industrial services, were not disclosed.
Founded in 1993 and headquartered in New York, Altus offers state-of-the-art fire and life safety services and solutions, such as testing and inspection, service and repair, drills and training, monitoring, upgrade, and installation services across product categories including fire alarm, sprinkler, and security systems. Over the past few years, the Company has grown rapidly both organically and via strategic M&A, adding new service lines and geographies.
The Simpson Thacher team included Ben Schaye, Ryerson Symons, Jack Larkin, Xinyi Mao and Zhendong Xu (M&A); Sophie Staples, Andrew Purcell and Matthew Lester (Tax); Andrew Blau, Alisa Tschorke and Mtume Sangiewa (Executive Compensation & Employee Benefits); Ron Ben-Yehuda, and Paige Brinton (Intellectual Property); Leah Malone, Emily Holland and Tenzin Dolkar (ESG); Michael Isby and Deepa Sarkar (Environmental); Brian Steinhardt, Adam J. Moss, Gordon Lee and Sally Jo (Banking & Credit); Daniel Levien and Olenka Burghardt (Regulatory); and Krista McManus (Real Estate).