Building Industry Partners Announces Sale of Endeavor Fire Protection
Slice of Real Estate Team
11/21/2024
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
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.” ”
Pat Mascia, Partner at BIP
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.
