Caltius Equity Partners Completes Sale of Impact Facility Services

LOS ANGELES--()--Caltius Equity Partners (“Caltius Equity”) announced today the sale of its equity interest in Impact Facility Services, LLC d/b/a Academy Fire Life Safety (“Impact”) to Boston-based Audax Private Equity (“Audax”). Impact is Caltius Equity’s third investment in the facilities services sector.

Impact is a leading national provider of integrated fire and life safety services, including complementary self-perform and vendor-managed operations. During its ownership, Caltius Equity partnered with Impact’s management to expand operations through three strategic acquisitions, build a best-in-class management team, and invest in technology to drive efficiencies and increase the company’s growth trajectory.

“Caltius Equity has been an excellent advisor and partner,” said Mike Lloyd, CEO of Impact. “They understood our vision of creating a strong, service-focused fire and life safety services provider with multiple avenues of growth. Their strategic guidance and support helped us achieve significant growth over the past five years.”

“The Impact team generated impressive revenue and profitability growth during our investment period, and the company is well-positioned for the future,” said Michael Morgan, managing director at Caltius Equity. “We are confident that Mike Lloyd and his team will excel partnering with Audax, and we wish them continued success.”

Lincoln International and Sheppard Mullin Richter & Hampton LLP acted as financial advisor and legal counsel to the sellers, respectively.

About Caltius Equity Partners

Caltius Equity, founded in 1999, buys and builds lower middle market companies in the business, consumer, industrial and healthcare services industries. The Los Angeles-based firm invests from $10 million to $30 million per transaction for controlling or substantial minority ownership positions in businesses generating EBITDA from $4 million to $12 million. For more information, visit


Jim Upchurch, President & CEO


Garrick Ahn, Managing Director

Jeffrey Holdsberg, Managing Director

Michael Morgan, Managing Director

Jeffrey Kendig, Principal

Justin Benshoof, Principal

Ryan Matthews, Associate


Caltius Capital Management
Donna Ashton, 310-996-9585

Release Summary

Caltius Equity Partners completes sale of Impact Facility Services


Caltius Capital Management
Donna Ashton, 310-996-9585