Acquisition of AAI by Saothair Capital Partners Finalized
In a significant move, Saothair Capital Partners, a private equity firm specializing in middle-market manufacturing and industrial companies, has completed the acquisition of AAI, a leading fire and life safety detection company, from Halma Holdings. The newly acquired company will be renamed Air Products and Controls Inc. (APC), reviving this well-known historic brand.
AAI/APC specializes in designing and manufacturing wireless smoke, heat, and carbon monoxide detectors for residential and commercial security systems. With over 40 years of industry experience, the company has built a strong reputation for its products that meet stringent regulatory codes and are sold directly to OEMs in residential security, HVAC, and fire system markets, as well as commercial distributors under the APC brand.
Kaid Cousineau, AAI's CEO, expressed his pride in the company's accomplishments as part of Halma and his enthusiasm for the new partnership with Saothair. He also took the opportunity to thank Halma for their partnership throughout the acquisition process.
Richard Lozyniak, Co-founder and Operating Partner of Saothair, looks forward to fostering a culture of continuous improvement, strengthening the customer experience, and building upon AAI's commitment to operational excellence. Kevin Madden, Co-founder and Managing Partner of Saothair, shared his excitement about partnering with AAI's CEO Kaid Cousineau and the senior leadership team.
Saothair Capital Partners plans to continue developing and providing these life safety detection solutions, leveraging AAI's strong track record in new product development and regulatory expertise. Their acquisition aims to strategically position APC as a trusted brand in fire and life safety products in both residential and commercial markets.
McGuireWoods provided legal counsel to Saothair on the transaction, while Halma was represented by Nixon Peabody for legal counsel and Houlihan Lokey as financial advisor. The partnership between Saothair and AAI is considered an exciting new chapter for the company and its team, with Saothair's long-term mindset, operational expertise, and commitment to supporting growth expected to help AAI accelerate its strategic initiatives.
Saothair Capital Partners, having completed the acquisition of AAI, a leading fire and life safety detection company, intends to continue developing private equity investments within the manufacturing industry, primarily focusing on enhancing and providing life safety detection solutions. With Kaid Cousineau's leadership, AAI/APC, formerly a subsidiary of Halma Holdings, aims to strengthen its position as a trusted brand in fire and life safety products, catering to both residential and commercial markets.
