Caltius Equity Partners has sold Academy Fire Life Safety to Audax Private Equity

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Impact Facility Services, LLC (dba Academy Fire Life Safety, “AFLS” or the “Company”), a portfolio company of Caltius Equity Partners, L.P. (“Caltius Equity”), has been acquired by Audax Private Equity (“Audax”). Terms of the transaction were not disclosed.

Headquartered in Long Beach, California, AFLS is a leading provider of recurring fire and life safety services to diversified national accounts and local market customers through its highly complementary Academy Fire Protection and Impact Fire Services brands. AFLS offers customers critical repair, service and inspection services that are mandated by increasingly stringent and evolving regulatory codes, delivering a superior value by enabling businesses to enhance safety and mitigate costly incidents. AFLS is the only provider able to seamlessly service both national and local accounts with exceptional customer service and quality, timely and reliable response and operational efficiency. The Company is poised for tremendous growth through tangible organic initiatives, as well as executing upon numerous strategic acquisition opportunities.

Mike Lloyd, CEO of AFLS, commented, “Lincoln’s unique insights and in-depth understanding of our business model — resulting from their extensive experience in the facilities services sector — allowed them to tell our story and value proposition in a highly compelling manner. We are eager to work with our new partner, Audax, whose experience and relationships will lend unique support as we continue to grow our business while remaining committed to providing best-in-class service to our customers.”

Michael Morgan, Managing Director at Caltius Equity, commented, “Lincoln worked collaboratively with the Caltius Equity and AFLS teams on this transaction, following through on their commitment to senior-level attention from start to finish. They ran a highly competitive process, resulting in several attractive alternatives for the shareholders and management team.” He added, “We are proud of our longstanding partnership with the AFLS management team. AFLS is well positioned for the future and we wish them well as they continue to pursue their strategic growth initiatives.”

Lincoln acted as the exclusive financial advisor to AFLS and Caltius Equity, working closely with its shareholders and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

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