Cadre to acquire Alpha Safety for $106.5M

Cadre Holdings announced it has entered into a definitive agreement to acquire Alpha Safety Intermediate, LLC, the operating parent of Alpha Safety, a leading nuclear safety solutions company for $106.5M. Founded in 1986, Alpha Safety is a global provider of highly engineered, technical products and services focused on radiation protection and safety in mission-critical operating environments. The transaction is anticipated to close in the first quarter of 2024, subject to the satisfaction of customary closing conditions, and is expected to be funded through available cash on the company’s balance sheet and an increase in term debt under its existing credit facility. Houlihan Lokey served as the exclusive financial advisor to Alpha Safety.