Pye-Barker Fire & Safety, a fully integrated and full-service fire protection, life safety and security alarm services provider in the United States, announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority and GIC, a global institutional investor, have completed the acquisition of minority stakes in Pye-Barker.
Now, joining existing equity holders Altas Partners and Leonard Green and Partners (LGP), as investors in Pye-Barker Fire & Safety. As part of the transaction, Leonard Green invested significant new capital into Pye-Barker while Altas retained the majority of its ownership interest.
Pye-Barker’s service offerings include inspection, testing, maintenance, repair, and installation of fire detection systems, fire alarms, fire extinguishers, fire suppression and sprinkler systems and security alarm monitoring services for businesses nationwide.
Bart Proctor, the CEO of Pye-Barker said of the announcement that: “We are excited about entering our next phase of growth with our longstanding and exceptional partners in Altas and LGP, as well as with our new investors ADIA and GIC who share our common vision.
“Pye-Barker is fortunate to have experienced rapid growth due to the hard work, innovation, and entrepreneurial spirit of our people.”
“We extend our sincere gratitude to the entire Pye-Barker team for their outstanding work in building a world-class organization,” said John Danhakl, Managing Partner at LGP.
Evan Hershberg, Partner at LGP, added: “We look forward to the next stage of Pye-Barker’s growth and continued success. Since we partnered with the Pye-Barker team over five years ago, they have been a consistently strong performer and has delivered exceptional growth and value to all stakeholders. We are excited about the many growth opportunities that lie ahead and look forward to continuing our support.”
“We are pleased to welcome ADIA and GIC as new financial partners in Pye-Barker. This transaction underscores the strength of the Company, its talented management team, and its significant growth opportunities,” said Scott Werry, Managing Partner of Altas.
“We are excited to continue our partnership with Pye-Barker and have strong confidence in the Company’s future success under the leadership of Bart and his accomplished team.”
Pye-Barker Fire & Safety, announced that Abu Dhabi Investment Authority and GIC, have complete the acquisition of minority stakes; joining existing equity holders Atlas Partners and Leonard Green and Partners.
