AE Industrial’s Cross-Fire & Security Acquires Alarm & Suppression

BROOKLYN — Cross-Fire & Security Co., a full-service life-safety company, announces the acquisition of Alarm & Suppression (A&S) for undisclosed terms.

A&S, based in Ballston Lake, N.Y., is a provider of fire alarm, fire suppression, fire extinguishers, security and life-safety systems, serving customers in northeastern New York and Vermont. A&S Owner Tom Murray will remain with the company and maintain a minority stake.

Cross-Fire is a fire and life-safety services platform owned by AE Industrial Partners, a private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets. A&S marks the platform’s first acquisition.

Cross-Fire has partnered with key industry executives on this platform, including Kelly Romano, chair of the board, and Ed Cettina, board member. Romano, an AEI operating partner, has deep sector experience in fire/life-safety and security, and commercial building industries, including more than 30 years in executive roles at United Technologies Corporation (UTC).

Cettina most recently was the global COO of the construction management business of AECOM, and previously worked for 24 years in senior roles at Tishman Construction.

A&S offers individual solutions and integrated systems incorporating project management, system design and layout, installation, programming, testing, certification, customer training, warranty and maintenance, among other services.

“We see tremendous opportunity for consolidation in this fragmented industry, and we are pleased to add a strong partner like A&S as we build a unique platform with significant scale and national reach,” says Charlie Santos-Buch, partner at AEI. “The life safety services market is experiencing significant demand and we only see that growing over time.”

Murray commentes, “I am excited for all of us at A&S to join the Cross-Fire team. Our new partnership will provide the A&S team with ample opportunities as part of a growing, national organization. With their backing, we will gain additional resources to continue our leadership in the fire and life safety business.”

Robert V. Rex, senior vice president of growth & strategy at Cross-Fire, describes A&S as “the perfect partner” as to build out the company’s suite of products and services. “With the addition of A&S, Cross-Fire is well-positioned to secure new customers who are increasingly looking for partners with robust resources and added geographical reach,” he adds.

The post AE Industrial’s Cross-Fire & Security Acquires Alarm & Suppression appeared first on Security Sales & Integration.



from News – Security Sales & Integration https://www.securitysales.com/business/mergers/ae-industrials-cross-fire-security-acquires-alarm-suppression/
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