Audax-backed AI Fire acquires Tri State Fire Protection

AI Fire, which is backed by Audax Private Equity, has acquired Hudson, New Hampshire-based Tri State Fire Protection, a fire and life safety service provider. No financial terms were disclosed.


AI Fire, a portfolio company of Audax Private Equity, announces the acquisition of Tri State Fire

Tri State Fire is a leading full-service, self-perform fire and life safety service provider. Headquartered in Hudson, NH, Tri State Fire services fire alarms, sprinkler systems, extinguishers, special hazard systems, and kitchen hood systems for customers across various end markets.

AI Fire, a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Tri State Fire, representing the company’s third acquisition since Audax’ investment.

In April 2017, Audax partnered with AI Fire, a leading provider of fire and life safety services to national, regional and local customers. AI Fire goes to market under two brands: Academy Fire Life Safety, a servicer of national accounts through a vendor managed network, and Impact Fire Services, a network of local self-perform operations for regional/local customers with over 20 locations. Audax intends to work with AI Fire management to build a leading platform through organic growth initiatives and add-on acquisitions within the fragmented U.S. fire and life safety services market. Tri State Fire expands AI Fire’s self-perform footprint

Please see for a full list of platform acquisitions.

A full list will be available upon request.

Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4.5 billion in 113 platform and 655 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.