Cybersecurity group changes hands as US backers make their exit
Manchester-based 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.
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 chief executive, 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 optimising 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 Defencee suppliers prepare for, and meet, new CMMC (Cybersecurity Maturity Model Certification) regulations.
