A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and GIC, a global institutional investor, have completed the acquisition of minority stakes in Pye-Barker Fire & Safety, a fully integrated and full-service fire protection, life safety and security alarm services provider in the United States. ADIA and GIC join existing equity holders Altas Partners and Leonard Green as investors in the company. As part of the transaction, Leonard Green invested significant new capital into the company while Altas retained the majority of its ownership interest. Financial terms were not disclosed.
“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,” Bart Proctor, CEO of Pye-Barker, said. “Pye-Barker is fortunate to have experienced rapid growth due to the hard work, innovation and entrepreneurial spirit of our people. On behalf of Pye-Barker’s leadership team, we appreciate the strong existing partnership with Altas and LGP and look forward to the support of ADIA and GIC as we continue our focus on growth by delivering exceptional care for our team members and customers.”
“We extend our sincere gratitude to the entire Pye-Barker team for their outstanding work in building a world-class organization,” John Danhakl, managing partner at Leonard Green, said.
“We look forward to the next stage of Pye-Barker’s growth and continued success,” Evan Hershberg, partner at Leonard Green, said. “Since we partnered with the Pye-Barker team over five years ago, the company has 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 of the company.”
“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,” Scott Werry, managing partner of Altas, said. “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.”
The transaction closed in January 2025. Harris Williams served as lead financial advisor to Pye-Barker. Bank of America, Deutsche Bank, Goldman Sachs, Jefferies, and Piper Sandler also provided financial advice to parties in the transaction. Latham & Watkins acted as legal advisor to LGP and Kirkland & Ellis acted as legal advisor to Pye-Barker and Altas. Dechert acted as legal advisor to GIC and Cleary Gottlieb Steen & Hamilton acted as legal advisor to ADIA.
