Deal Details

Summit Companies Sells Majority Stake to BDT & MSD

Technology & Services

Summit Companies, a portfolio company of LTPC, sale of majority stake to BDT & MSD

Summary

SFP Holding, Inc. (“Summit Companies” or the “Company”), a portfolio company of BlackRock Long Term Private Capital (“LTPC”), has entered into a definitive agreement to sell a majority stake to BDT & MSD Partners (“BDT & MSD”). The terms of the transaction were not disclosed. This transaction is subject to regulatory approvals and customary closing conditions.

Baird served as the lead financial advisor to Summit Companies on this transaction.

About

Summit Companies is a leading, fully integrated provider of fire and life safety services delivering comprehensive, code-compliant solutions through its operating subsidiaries across the United States. The Company provides end-to-end services – including system design, installation, inspection, maintenance, monitoring and consulting – across a diverse commercial customer base and growing branch network. Summit Companies has been named to the Inc. 5000 list of the fastest-growing private companies in the United States for the past six years based on strong organic growth and a proven track record as the acquirer of choice within the fire and life safety industry. Summit Companies is headquartered in Mendota Heights, Minnesota.

LTPC is an innovative private equity strategy focused on investing in high-quality businesses and value creation through active collaboration with management teams. The strategy’s flexible duration and prudent approach to leverage preserve optionality for growth and help enable compounded capital appreciation. LTPC is backed by BlackRock, Inc., which manages $377 billion in alternative investments and commitments on behalf of clients worldwide as of December 31, 2024. LTPC is headquartered in New York, New York.

BDT & MSD is a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors. The firm is distinguished by its decades of experience advising at the intersection of founders, families and businesses, as well as by its differentiated capital base and culture of aligned investing. BDT & MSD was established in 2023 through the combination of BDT & Company, the merchant bank to the closely held, founded in 2009 by Byron Trott, and MSD Partners, a premier investment firm, led by Gregg Lemkau, that since 2009 has invested on behalf of Dell Technologies Founder Michael Dell, his family and other like-minded investors. Its funds are managed by its affiliated investment advisers. BDT & MSD is co-headquartered in Chicago, Illinois and New York, New York.

Technology & Services

Summit Companies, a portfolio company of LTPC, sale of majority stake to BDT & MSD