Cadre expects to expand credit facility to buy Alpha Safety

Chicago, Feb. 20 – Cadre Holdings, Inc. expects to fund its $106.5 million acquisition of Alpha Safety Intermediate, LLC with cash on the company’s balance sheet and an increase in term debt under an existing credit facility, according to a press release.

The transaction is expected to close in the first quarter of 2024.

Houlihan Lokey served as the exclusive financial adviser to Alpha Safety.

Based in Jacksonville, Fla., Cadre is a global manufacturer and distributor of safety and survivability products for first responders.

Alpha Safety is a nuclear safety solutions company.

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