Endeavor Fire Protection (“Endeavour”) Acquires Allegiant Fire Protection (“Allegiant”), Expanding Service Capabilities to Better Serve Customers Across the Midwest
BOSTON–(BUSINESS WIRE)–Endeavor Fire Protection (“Endeavour”), a platform company of investment firm Building Industry Partners (“BIP”), has acquired Allegiant Fire Protection (“Allegiant”). Endeavor is a market leading contractor for a wide range of fire protection and security needs.
Founded in 2018, Allegiant Fire Protection is a partner of choice in the Illinois, Wisconsin and Indiana markets, fostering deep customer relationships in its role as contractor and prime contractor. Allegiant designs and installs fire alarm systems and offers round-the-clock monitoring, testing and inspection for fire suppression systems. The Company has a diverse customer base including, but not limited to, hospitals, retirement homes, data centers, municipalities, manufacturing, commercial and industrial customers.
Robert Lane, Vice President of BIP and Director of Endeavor Fire Protection, said, “We are extremely pleased to announce the closure of Allegiant Fire Protection, expanding our family of companies in the Greater Chicagoland area. We believe Allegiant is a leading fire protection contractor, delivering extraordinary results to customers in a diverse set of markets. Allegiant brings an established reputation for innovation and excellence, and we believe they will greatly enhance our customer offering throughout Illinois and the Midwest.
Mike Carli, President of Allegiant, said, “We are thrilled to partner with Building Industry Partners and Endeavor Fire Protection as we continue our mission to be the best fire protection service provider in the Midwest. After getting to know Robert and the Building Industry Partners team over the past year, I have come to see that they share the same core values and passion for the Allegiant family and the future of the career. of our employees, which has always been my top priority. The Allegiant team has proven over the past four and a half years our ability to grow and succeed. I am excited about our future with BIP and the certain continued growth that we will surely have.
Steve Shaffer, BIP Operating Partner and Director of Endeavor Fire Protection, added, “I look forward to working with Mike Carli and the Allegiant team. They have built a tremendous fire and life safety platform that will allow us to continue to grow throughout the Midwest and beyond. The fire and life safety industry offers many opportunities for growth and Allegiant is well positioned to take advantage of these opportunities. Congratulations to Mike and his team on the business they have built, and I am excited to be a part of their future success.
Justin Gilson, Principal at BIP and Director of Endeavor Fire Protection, said, “We are excited to add Allegiant to our Endeavor Fire Protection platform and expand our service capabilities in the Greater Chicagoland market. The Company’s culture is a natural fit with our people-focused investment philosophy. We will look to build on the success Mike and his team have had and invest in Allegiant to drive continued expansion.
Endeavor Fire Protection actively seeks to invest in fire and life safety businesses across the United States and will continue to elevate the employee value proposition in all organizations that join our team.
Much Shelist acted as M&A counsel and Holland & Knight LLP acted as corporate and financing counsel to BIP. Fifth Third Bank and Siguler Guff & Company provided debt financing to support the acquisition.
About Endeavor Fire Protection
Endeavor Fire Protection (“Endeavour”) is a leader in fire protection and life safety. The Company provides inspection, servicing, maintenance, repair and installation services of portable fire extinguishers, fire sprinklers, fire alarms, emergency lighting and chain plumbing systems. national and healthcare, industrial, education, government, commerce, manufacturing, technology and hospitality industries. Endeavor is investing heavily to provide best-in-class training to its team while delivering competitive advantages in the industry and rapidly expanding its national footprint.
About Building Industry Partners
Building Industry Partners (“BIP”) is the leading private equity investment firm focused on the construction industry in the United States. Founded by Matt Ogden in 2008, BIP is headquartered in Boston, with operating partners and advisors across the United States.
Over the past 14 years, BIP is proud to have co-founded or been the first equity sponsor of a number of the most dynamic and fastest growing companies in the middle market in the industry. in the United States, including US LBM Holdings, Kodiak Building Partners, Homewood Holdings, and US Fence Solutions/Binford Supply.
In 2020, BIP redefined its purpose: to create exceptional and sustainable businesses, generate world-class returns on investment and help elevate the construction industry and its workforce through principles of investment and people-oriented business. BIP continues to seek opportunities to mentor the building industry’s greatest talents in building exceptional businesses, realizing their entrepreneurial visions and increasing shared prosperity among shareholders, management and the wider community. of the work force.