Endeavor Fire Protection, a platform company of the investment firm Building Industry Partners (BIP), has acquired Allegiant Fire Protection. Endeavor is a contractor for a wide array of fire protection and safety needs.
Much Shelist acted as M&A legal counsel and Holland & Knight acted as corporate and financing legal counsel to BIP. Fifth Third Bank and Siguler Guff & Company provided debt financing to support the acquisition.
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 both sub- and prime contractor. Allegiant designs and installs fire alarm systems and offers around the clock monitoring, testing and inspection for fire suppression systems. The company has a diverse customer base including, but not limited to, hospitals, senior living facilities, data centers, municipalities, manufacturing, commercial and industrial clients.
“We are extremely happy to announce the closing of Allegiant Fire Protection, extending our family of companies in the Greater Chicagoland area,” Robert Lane, vice president at BIP and director of Endeavor Fire Protection, said. “We believe that Allegiant is a premier fire protection contractor, providing extraordinary outcomes for its customers across a diverse set of markets. Allegiant brings an established reputation for innovation and excellence, and we believe that they will greatly improve our customer offering throughout Illinois and the Midwest.”
“We are delighted to be partnering with Building Industry Partners and Endeavor Fire Protection as we continue our mission to be the best fire protection service provider in the Midwest,” Mike Carli, president of Allegiant, said. “After getting to know Robert and the Building Industry Partners team over the last year I could see they share the same core values and passion for the Allegiant Family and the future of our employees’ careers, which has always been my top priority. The Allegiant team has proven over the past four and a half years our ability for tremendous growth and success. I’m excited for our future together with BIP and the certain continued growth we will surely have.”
“I look forward to working with Mike Carli and the Allegiant team,” Steve Shaffer, operating partner at BIP and director of Endeavor Fire Protection, said. “They have built a terrific fire and life safety platform that will allow us to continue to expand throughout the Midwest and beyond. The fire and life safety industry provides many growth possibilities and Allegiant is well positioned to take advantage of the opportunities. Congratulations to Mike and his team on the company they have built, and I am excited to be part of their future success.”
“We are excited to add Allegiant to our Endeavor Fire Protection platform and expand our service capabilities in the Greater Chicagoland market,” Justin Gilson, principal at BIP and director of Endeavor Fire Protection, said. “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 achieved and invest in Allegiant to drive continued expansion.”
