Building Industry Partners Announces Strategic Sale of Rapidly Growing Endeavor Fire Protection to APi Group Corporation
Endeavor team members shared in the business’ equity value appreciation, as the sale marked BIP’s first exit of a portfolio company under its piloted broad-based employee ownership program
BIP launched the Endeavor platform in partnership with Robert Lane, Endeavor’s CEO, in 2022, initially focusing on the
“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,” said 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.”
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
Endeavor employees also shared in the transaction’s success by participating in a broad-based employee ownership plan, an initiative that BIP has piloted at all of its portfolio companies since 2020.
“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. “We learned a lot operationalizing this pilot program, and there is much room for improvement ahead as we scale the initiative. We believe employee ownership better aligned the interests among Endeavor’s shareholders, management, and team members, contributing to Endeavor differentiating its recruitment, retention, and professional development efforts. This, in turn, helped the company towards becoming an employer of choice in its markets. Most fulfilling was that Endeavor team members shared in the meaningful equity value they helped create.”
FMI Capital Advisors acted as exclusive financial advisor to Endeavor Fire Protection and
About Building Industry Partners
Building Industry Partners (“BIP”) is the leading private equity investment firm focused on the
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
In 2020, BIP redefined its purpose: to build exceptional and enduring businesses, generate world class investment returns, and contribute to elevating its business’ workforce through people-focused investment and business principles. BIP continues to seek opportunities to sponsor the building industry’s greatest talent in building exceptional businesses, realizing their entrepreneurial visions, and increasing shared prosperity amongst shareholders, management, and the broader workforce. For more information, visit www.buildingip.com.
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Pat Mascia
Partner
99 Bedford Street
Suite 500
617-431-8333
Source: Building Industry Partners