Cybersecurity advisory and assessment services provider Coalfire announced its acquisition by global private equity advisory firm Apax Partners has been finalized following full regulatory approval. Financial terms were not disclosed.
“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,” said Tom McAndrew, Coalfire CEO.
“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,” he added.
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 Defense Department suppliers prepare for and meet new Cybersecurity Maturity Model Certification regulations.
Coalfire is well positioned for further growth because of cybersecurity trends and the vision of its management team, said Rohan Haldea, partner at Apax Partners.
“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,” Haldea said.
