Building Industry Partners (BIP), a private equity firm focused on the U.S. building industry, announced the sale of Endeavor Fire Protection, a provider of fire protection and life safety installation, maintenance, and repair, to APi Group Corporation. APi Group Corporation is a publicly traded provider of business services, including safety and specialty services, with over 500 locations worldwide.
BIP launched Endeavor in partnership with CEO Robert Lane in 2022, initially focusing on the greater Chicago market, with the acquisitions of Valley Fire Protection and Allegiant Fire Protection. Endeavor expanded its geographic footprint from three to eight locations serving markets in 14 states with a total of 300 team members.
“We believe that APi Group shares our core beliefs, including strong performance for our customers, growth, and opportunity for our employees, and honesty and integrity in our daily business,” Lane said. “This partnership will enhance our commitment and investment in our people and allow us to better serve our customers and communities. Our remarkable growth these past few years reflects the commitment of our local management teams, the skill of our frontline tradespeople, and Endeavor’s steadfast focus on being a partner of choice to our customers, and an employer of choice to our team members.”
FMI Capital Advisors acted as exclusive financial advisor to Endeavor Fire Protection and Holland & Knight provided legal counsel to BIP.
“This is a well-deserved milestone for the Endeavor team and our investors. We are grateful to have sponsored such a committed and skilled management team,” Pat Mascia, partner at BIP. “Endeavor’s success exemplifies the power of backing talented leaders in segments where they have passion, vision, and a demonstrated track record of value creation.”
