BOSTON–(BUSINESS WIRE)–Building Industry Partners (“BIP”), the leading private equity investment firm focused on the construction industry in the United States, welcomes Steve Shaffer as an operating partner. Mr. Shaffer will help support BIP and Endeavor Fire Protection (“Endeavour”), BIP’s new fire and life safety platform. Mr. Shaffer brings nearly four decades of experience in the fire protection industry. He joins BIP and Endeavor from Impact Fire Services (currently operating as AI Fire Protection), the company he founded and served as chairman and president. Steve led Impact Fire Services from startup in 2009 to $70 million in revenue in 2017.
Robert Lane, Vice President of BIP and Director of Endeavor Fire Protection, said, “Steve is a proven operator and has demonstrated the ability to scale platforms significantly, integrating local providers into national platforms – from GFP to Consolidated Fire Protection to Impact Fire Services. Over the past twenty years Steve has successfully built and sold three fire protection platforms. We are extremely grateful that Steve has chosen to partner with BIP and the Endeavor team, and we look forward to our future. »
Steve Shaffer commented, “I am thrilled to partner with Building Industry Partners to create a leading fire and life safety company. As a leading private equity firm focused on the construction industry in the United States and committed to investing in its business people and advancing human capital management, BIP is uniquely positioned to understand the opportunities and the unique challenges of construction companies, which are by definition people intensive. The acquisition of Valley Fire Protection provides an exceptional platform in the fire and life safety industry. I look forward to partnering with BIP and the management of Valley Fire Protection as we establish EFP as a customer- and employee-centric company.
A Chartered Accountant, Steve holds an MBA from the University of Southern California and a Bachelor of Arts from Olivet Nazarene University.
About Endeavor Fire Protection
Endeavor Fire Protection (“Endeavour”) is a new fire protection and life safety platform. Endeavor offers installation, maintenance and repair services for sprinkler and plumbing systems. Endeavor invests heavily to provide its employees with top-notch training and industry-competitive benefits and to provide high-quality service to its customers. EFP is 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.