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Specialty Industrial
May 5, 2022
Altus Fire and Life Safety, an AE Industrial Partners Portfolio Company, Acquires Fire Systems, Inc.

For Immediate Release

Altus Fire and Life Safety, an AE Industrial Partners Portfolio Company, Acquires Fire Systems, Inc.

Platform Continues Growth Trajectory into Southern New England with its 6th Acquisition

Brooklyn, NY, May 5, 2022 – Altus Fire and Life Safety (“Altus”), a full-service fire and life safety
platform, announced today it has acquired Fire Systems, Inc. (“FSI” or the “Company”), 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, LP (“AEI”), 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.

For more than 30 years, FSI (www.firesystemsinc.net) 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.
“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,” said Charlie Santos-Buch, Partner at AEI.

“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,” said Mr. and Ms.
Barrett at FSI.

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.

About Altus

Serving customers for more than 100 years, Altus is a full-service fire and life safety services platform.
Altus offers a complete suite of solutions, from the design, engineering, installation, and servicing of
state-of-the-art fire and life safety systems to training, consulting, crisis management and business
continuity services. The platform currently consists of six brands including Cross-Fire & Security Co.,
Alarm & Suppression, NISCO, Adcock, Croker and FSI. For more information on Altus, please visit
www.altusfire.com.

About AE Industrial Partners

AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from its deep industry knowledge, operating experience, and relationships throughout its target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative. Learn more at www.aeroequity.com.

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Lambert
Jennifer Hurson
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jhurson@lambert.com
or
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203-656-2829
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