Pacific Equity Partners, the Australian private equity firm, together with Blum Capital Partners, the American private equity firm, is now preparing to sell off Xtralis, the safety and security services provider. This was confirmed by anonymous sources familiar with the transaction.

According to one of the sources, the sale process would be managed by Bank of America Merrill Lynch and will not be done until the final quarter of 2013. 

Established in 1984, Xtralis is based out of Ireland and manufactures products that are able to detect fire, gas and security threats. Pacific Equity Partners had purchased Xtralis back in February of 2006 at an enterprise value of Aus$253 million or US$233 million. Blum Capital had entered the picture when it infused capital into the company to accelerate its growth.

Amongst the company's acquisitions are the VSK Group in 2007, the subsidiary based out of Belgium for Allied Defense Group for an enterprise value of US$49 million. That same year, the company had purchased ASIM Technologies, the traffic detector development firm from Switzerlad. In 2011, Xtralis undertook its latest purchase, HeiTel Digital Video from Germany.