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Building Industry Partners Announces Sale of Endeavor Fire Protection
Slice of Real Estate Team
November 21, 2024
Key Highlights:
BIP successfully sold Endeavor Fire Protection to APi Group Corporation (NYSE: APG).
Endeavor’s revenues and profitability grew 2x and 3.5x during BIP’s two-year ownership.
Employees benefited from a broad-based equity ownership plan, a BIP initiative.
Endeavor expanded to eight locations in 14 states with nearly 300 employees.
FMI Capital Advisors served as exclusive financial advisor for the transaction.
Source: Business Wire
Notable Quotes:
“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.”
“We believe APi Group shares our core beliefs, including strong performance for our customers and growth for employees.”
“The successful sale of Endeavor represents our first exit of a business where we implemented our new broad-based employee ownership program.”
Our Take:
The sale of Endeavor Fire Protection highlights BIP's strategic acumen in fostering rapid growth and value creation. By focusing on geographic expansion and operational excellence, BIP positioned Endeavor as a market leader in fire protection services. The implementation of a broad-based employee ownership program not only aligns stakeholder interests but also strengthens recruitment and retention, making Endeavor a case study in sustainable growth. The acquisition by APi Group signals confidence in Endeavor's potential and sets a precedent for future collaborations in the building and safety services industry.