FMI Advises Endeavor Fire Protection in Sale to APi Group Corporation
FMI Capital Advisors is pleased to announce the sale of Endeavor Fire Protection (Endeavor), a portfolio company of Building Industry Partners (BIP), to APi Group Corporation (APi), a market-leading publicly traded provider of business services. FMI Capital Advisors served as the exclusive sell-side financial advisor to Endeavor for this transaction.
Endeavor has rapidly emerged as a premier provider of fire protection and life safety services, including installation, maintenance and repair, and inspection. Since its inception in 2022 and under BIP’s ownership, Endeavor has achieved exceptional growth, expanding from three to eight locations across fourteen states and building a team of nearly 300 professionals. Over the course of a two-year ownership period, Endeavor’s revenues and profitability grew more than 2x and 3.5x, respectively, through organic initiatives and strategic acquisitions.
“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,” said Robert Lane, CEO of Endeavor. “This partnership will enhance our commitment and investment in our people and allow us to better serve our customers and communities.” Justin Gilson, partner at BIP, said, “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. We are excited for Endeavor to begin its next chapter with APi, who we expect will be an excellent steward of the business.”
Steve Shaffer, operating partner at Endeavor, added, “FMI Capital Advisors played an instrumental role in guiding us through this transaction, ensuring that we found the right partner to support Endeavor Fire Protection’s continued growth and success. Their expertise and deep understanding of our industry were invaluable as we navigated this pivotal step in our journey. With FMI’s support, we are confident that our partnership with APi Group will allow us to build on our strong foundation
