Building Industry Partners (BIP) has announced the successful sale of Endeavor Fire Protection to APi Group Corporation.
APi Group, a publicly traded provider of safety and specialty services with over 500 locations worldwide, acquired Endeavor after its rapid growth under BIP’s ownership since 2022.
Endeavor began as a platform in partnership with CEO Robert Lane, focusing initially on the Greater Chicago market.
Under BIP’s ownership, the company expanded to eight locations across 14 states and grew its team to nearly 300 employees.
Over two years, Endeavor doubled its revenues and increased profitability by 3.5 times through organic growth and strategic acquisitions.
BIP emphasized the role of its employee ownership program in Endeavor’s achievements.
Matt Ogden, Managing Partner at BIP, explained that the program, introduced at all portfolio companies since 2020, aligned the interests of shareholders, management, and employees.
This contributed to Endeavor’s recruitment, retention, and professional development efforts, making it an employer of choice.
“The successful sale of Endeavor represents our first exit of a business where we implemented our broad-based employee ownership program,” Ogden said.
Employees also benefited directly from the transaction, sharing in the equity value created during BIP’s ownership.
Endeavor’s leadership and market strategy played a critical role in its growth.
Partner at BIP, Pat Mascia, highlighted the importance of supporting strong leadership teams with a clear vision: “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.”
The company expanded into new geographic regions, particularly in the Western U.S., through acquisitions and targeted work in growing markets.
Justin Gilson, another Partner at BIP, praised Endeavor’s focus on value-added services and strategic geographic growth.
With the acquisition, Endeavor will join APi Group’s extensive network of safety and specialty service providers.
CEO Robert Lane expressed confidence in the alignment of values between Endeavor and APi: “This partnership will enhance our commitment and investment in our people and allow us to better serve our customers and communities.”
Endeavor’s sale marks a significant step in its evolution and opens opportunities for further development under APi Group’s stewardship.
According to BIP, APi is well-positioned to continue supporting Endeavor’s growth trajectory.
Building Industry Partners announced the sale of Endeavor Fire Protection to APi Group Corporation.
Under BIP’s ownership since 2022, Endeavor expanded its operations from three to eight locations, serving 14 states and doubling its revenues.
The company implemented an employee ownership program, allowing team members to share in the value generated during this period.
APi Group’s acquisition aligns with Endeavor’s commitment to customers, employees, and communities.
The sale reflects Endeavor’s focus on value-added services and strategic geographic expansion under BIP.
Both companies anticipate further growth opportunities in the safety and specialty services market.
