FMI Capital Advisors Announces Sale of Allegiant Fire Protection to Endeavor Fire Protection
FMI Capital Advisors is pleased to announce the sale of Allegiant Fire Protection, LLC (Allegiant) to Endeavor Fire Protection (Endeavor), a platform company of Building Industry Partners. FMI Capital Advisors served as the exclusive financial advisor to Allegiant for this transaction.
Headquartered in Aurora, Illinois, 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 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,” said Robert Lane, vice president at BIP. “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.”
Mike Carli, president of Allegiant, stated, “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.”
“We are thrilled to be joining Endeavor in their quest to offer best-in-class fire protection and safety services,” said Phillip Rooney, an owner of Allegiant. “We couldn’t have gotten to this point without the team at FMI. Their leadership and steadfast dedication kept the transaction focused and the parties fully committed to a successful sale.”
Lane added, “We have respected FMI as leaders in the built environment for many years and appreciate their guidance in a successful transaction.”
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships.
For more information, visit FMI Capital Advisors.
