Member Article

Apax Partners completes Coalfire acquisition

Coalfire, a provider of cybersecurity advisory and assessment services, today announced that its acquisition by funds advised by Apax Partners has been finalised following full regulatory approval. Financial terms were not disclosed.

Coalfire has its head office in Denver and employs more than 800 staff across 11 sites. It launched in Manchester in 2013, with the company employing 30 people in the city and lining up plans to relocate to City Tower to accommodate growth.

Rohan Haldea, Partner at Apax Partners, said: “Coalfire is an established and highly-respected cybersecurity advisory and assessment services firm that is well-positioned for further growth due to cybersecurity trends and the vision of its strong management team.

“The Apax funds’ investment will assist the company in particular by increasing Coalfire’s investment in technology; continuing to invest in thought leadership, especially with respect to securing cloud environments; and deepening capabilities across assurance standards while scaling its penetration testing and cyber risk services business.”

Tom McAndrew, Coalfire CEO, said: “We’re very pleased with Apax Partners’ acquisition of Coalfire and look forward to driving our growth through new technology investments, strategic acquisitions, and service expansion focused on optimizing the pervasive shift towards multi-cloud environments and remote operations. We appreciate the stewardship of our previous owners, The Carlyle Group and Chertoff Capital, that has set the course for this opportunity with our management.”

Coalfire Federal will continue under the leadership of Bill Malone, Coalfire Federal President, and carry on supporting its clients in enabling and protecting their critical missions. Among other focus areas, Coalfire will continue to provide services to help Department of Defense suppliers prepare for and meet new CMMC (Cybersecurity Maturity Model Certification) regulations.

This was posted in Bdaily's Members' News section by James Stewart .