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Aerial Expands Capabilities with Hazard Protection Systems Acquisition
- Aerial Machine & Tool, a company under Argosy Private Equity, has acquired Hazard Protection Systems, a provider of fire suppression kits used in military, industrial, and commercial vehicle applications.
- Aerial designs and manufactures survivability equipment for military and defense applications including emergency breathing systems, tactical vests, flotation devices, and helicopter rescue hooks.
- Aerial's customers include U.S. Department of Defense agencies, allied international militaries, and prime defense contractors.
- Hazard Protection Systems is known for manufacturing passive fire suppression systems used in military, commercial, and industrial vehicles.
- HazPro's fabric-based fuel tank fire suppression kits automatically extinguish fires with dry chemicals or clean gases when exposed to heat, without mechanical components.
- Key products of HazPro include FTFS kits for tactical trucks, specialized extinguishing modules, and ITAR-compliant systems for international export.
- HazPro has supplied fire suppression kits to entities like the United States Army, Marine Corps, NATO Allies, and tactical truck OEMs.
- The acquisition of HazPro by Aerial enhances Aerial's portfolio with proprietary fire suppression systems and creates synergies for future growth.
- Argosy Private Equity focuses on investments in niche manufacturing and B2B service companies, including Aerial and HazPro.
- Argosy, founded in 1990, operates as a division of Argosy Capital with $3.1 billion of assets under management, investing in lower middle-market strategies.
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