The strategic acquisition will fuel growth of services that enable secure cloud migrations and environments
WESTMINSTER, CO and NEW YORK – April 23rd, 2020 – Coalfire, a provider of cybersecurity advisory and assessment services, today announced that its acquisition by Apax Partners has been finalized with 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 offering expansion focused on optimizing the pervasive shift toward multi-cloud environments and remote operations,” said Tom McAndrew, Coalfire CEO. “We appreciate the stewardship of our previous owners, The Carlyle Group (NASDAQ: CG) and The Chertoff Group, that has set the course for this opportunity with our management.”
With Apax headquartered in the United Kingdom, U.S. government regulations require that Coalfire’s Federal division remain a wholly owned subsidiary. Coalfire Federal will operate independently as a pure-play cybersecurity company under the continued leadership of Bill Malone, Coalfire Federal President, and continue to support its clients in enabling and protecting their critical missions. Among other focus areas, Coalfire will continue to provide services to help the United States Department of Defense suppliers prepare for and meet new CMMC (Cybersecurity Maturity Model Certification) regulations.
“Releasing potential is at the heart of everything we do, and Coalfire complements our portfolio’s successful track record with technology-enabled services businesses,” said Rohan Haldea of Apax Partners. “Coalfire’s management team is well-positioned to enhance the company’s assessment and assurance services, and to scale its leading penetration testing and cyber risk services in a growing global market.”
Coalfire is the trusted cybersecurity advisor that helps private and public-sector organizations avert threats, close gaps and effectively manage risk. By providing independent and tailored advice, assessments, technical testing, and cyber engineering services, we help clients develop scalable programs that improve their security posture, achieve their business objectives and fuel their continued success. Coalfire has been a cybersecurity thought leader for nearly 20 years and has offices throughout the United States and Europe. For more information, visit www.coalfire.com.
About Apax Partners
Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.$50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare, and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.
About The Chertoff Group
The Chertoff Group is a global advisory services firm focused on security and risk management. The firm applies security expertise, technology insights, and policy intelligence to help clients build resilient organizations, gain competitive advantage, and accelerate growth. Through the firm's Strategic Advisory Services Practice Area, The Chertoff Group offers comprehensive security assessments, risk management strategies, policy and planning frameworks, and ongoing monitoring services to help clients anticipate, prepare for and build capabilities necessary to navigate today's complex threat environment.