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SDM NewswireInsider News & Business

Altus Fire & Life Safety Acquires Crime Intervention Alarm

By SDM Editors
ALTUS CIA
May 31, 2023

Altus Fire and Life Safety, a full-service fire and life safety platform, announced the acquisition of York, Pa.-based Crime Intervention Alarm (CIA) for undisclosed terms.

CIA is a provider of installation, monitoring, inspection and service for security and surveillance systems, access control and fire systems in Pennsylvania and the broader Mid-Atlantic region. CIA President John Lakatosh, who has over 30 years of experience in the security industry, will remain with Altus in an active role, post-close.

“In Altus and AEI, we’ve found partners who recognize the value of our company’s track record over the past 25 years and who have the industry expertise and resources to support our growth going forward,” Lakatosh said. “We're excited to work with them to continue to deliver full-service solutions combined with the highest quality service to meet our customers' unique and evolving needs.”

Established in 2021, Altus is 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. The platform currently consists of eight brands including Adcock's Systems, Alarm & Suppression, BK Systems, Croker Fire Drill, Cross-Fire & Security, Fire Systems, Northeast Fire Systems, and CIA.

“The strategic addition of CIA strengthens our services portfolio with a diverse range of critical security and life safety solutions while also expanding our presence into Pennsylvania and deeper into the Mid-Atlantic region,” said Altus CEO John Adams. “The addition of CIA is an important step for us as it provides Altus with the ability to meet the increasing demand arising from our customers seeking security solutions to enhance our current fire safety offerings. We're delighted to welcome John and CIA to our growing team.”

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KEYWORDS: acquisition Altus Fire and Life Safety

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