Building Industry Partners Announces Strategic Sale of Rapidly Growing Endeavor Fire Protection to APi Group Corporation
Summary
BOSTON--(BUSINESS WIRE)--Building Industry Partners (“BIP”), the leading middle market private equity firm focused on the U.S. building industry, is proud to announce the successful sale of Endeavor Fire Protection (“Endeavor”), a rapidly growing provider of fire protection and life safety installation, maintenance and repair, and inspection services. “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. “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.” Justin Gilson, Partner at BIP, added, “The Endeavor team has done an exceptional job growing organically with a focus on targeting value added work in attractive end markets, and strategically entering new geographies in the Western U.S. via acquisitions. “The successful sale of Endeavor represents our first exit of a business where we implemented our new broad-based employee ownership program,” said Matt Ogden, Managing Partner of BIP. Founded by Matt Ogden in 2008, and led by Matt, Pat Mascia and Justin Gilson, BIP is headquartered in Boston, with operating partners and advisors across the U.S. Over the past 15 years, BIP is proud to have co-founded or been first equity sponsor of a number of the fastest growing and most dynamic businesses in the U.S. building industry’s middle market, including U.S. LBM Holdings, Kodiak Building Partners, Homewood Holdings, and U.S.