Altus Fire and Life Safety Purchases Mass.-Based Fire Systems Inc.
Previously known as Cross-Fire & Security Co., Altus now has six brands under its fire and life-safety services platform.
BROOKLYN, N.Y. — Altus Fire and Life Safety, a full-service fire and life-safety platform, announces it has acquired Fire Systems, Inc. (FSI), a provider of installation, maintenance, testing, monitoring and certification for both alarm and sprinkler systems primarily in the Massachusetts and Rhode Island markets.
FSI’s founders Charles and Cheryl Barrett and Gary Lanowy will maintain a minority stake in the company. Terms of the transaction were not disclosed.
Established in May 2021 and previously known as Cross-Fire & Security Co., Altus is a full-service fire and life-safety services platform owned by AE Industrial Partners, a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets.
The platform currently consists of six brands, including, Cross-Fire & Security Co., Alarm & Suppression, NISCO, Adcock, Croker and FSI.
“FSI is a great add-on to our Altus footprint and expands our presence in the New England markets where we are strategically focused. We are pleased to bring on additional capacity in the Massachusetts and Rhode Island markets as we look to strengthen our product and service offering and continue to grow our customer base,” says Charlie Santos-Buch, partner at AEI.
For more than 30 years, FSI has been a family-owned and operated company serving southern New England. The company is an authorized engineered systems distributor for Honeywell’s Notifier products, among others, and stocks a wide variety of products ranging from basic to technologically advanced systems featuring fully networked addressable intelligent systems.
“We’re excited to be part of the Altus team which will help FSI expand its network of products and services provided by the broader Altus platform, as well as allow us to utilize the breadth of the financial and operational resources of the platform and its experienced management team, says Charles and Cheryl Barrett.”
John Adams, Altus CEO, adds, “We welcome the FSI team and look forward to continuing the high standard of service that has made the company’s reputation in its communities. The acquisition of FSI is highly complementary to our growing platform, strengthening our existing capabilities in fire alarms while expanding our service offering in the sprinkler space and further establishing Altus as a ‘one-stop shop’ for fire and life-safety.”
Altus has partnered with key industry executives, including Board Chair Kelly Romano, an AEI Operating Partner with deep sector experience in fire & security and commercial building industries including over 30 years at United Technologies Corporation (UTC), and Board Member Ed Cettina, a senior construction management executive previously working with AECOM and Tishman Construction, according to the company.
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