BEAR CASTLE CAPITAL ANNOUNCES STRATEGIC SALE OF RAPIDLY GROWING ENDEAVOR FIRE PROTECTION TO APi GROUP CORPORATION

BEAR CASTLE CAPITAL ANNOUNCES STRATEGIC SALE OF RAPIDLY GROWING ENDEAVOR FIRE PROTECTION TO APi GROUP CORPORATION

Nov 6, 2026 | 2026

Boston, MA - November 20, 2024 - Bear Castle Capital ("Bear Castle"), the leading building industry-focused private investment firm, is proud to announce the successful sale of Endeavor Fire Protection ("Endeavor"), a rapidly growing provider of fire protection and life safety installation, maintenance and repair, and inspection services. Endeavor was sold to APi Group Corporation (NYSE: APG) ("APi"), a market-leading publicly traded provider of business services, including safety and specialty services, with over 500 locations worldwide. Specific terms of the transaction were not disclosed.

Bear Castle launched the Endeavor platform in 2022, initially focusing on the Greater Chicago market, with the acquisitions of Valley Fire Protection and Allegiant Fire Protection. Since its launch, Endeavor expanded its geographic footprint from three to eight locations serving markets in fourteen states with a total of nearly 300 members. Over the course of a two-year ownership period, Endeavor's revenues and profitability grew more than 2.0x and 3.5x, respectively, through organic initiatives and strategic acquisitions.

"We believe that APi Group shares our core beliefs, including strong performance for our customers, growth and opportunity for our employees, and honesty and integrity in our daily business. This partnership will enhance our commitment and investment in our people and allow us to better serve our customers and communities. Our remarkable growth these past few years reflects the commitment of our local management teams, the skill of our frontline tradespeople, and Endeavor's steadfast focus on being a partner of choice to our customers, and an employer of choice to our team members," said Mr. Lane.

Endeavor employees also shared in the transaction's success by participating in a broad-based employee ownership plan.

About Endeavor Fire Protection

Endeavor Fire Protection ("Endeavor") is a new fire protection and life safety platform. Endeavor offers installation, service and repair services for fire sprinkler and plumbing systems. Endeavor invests heavily in providing best-in-class training and industry-competitive benefits for its employees and delivering high-quality service to its customers. Endeavor is rapidly expanding its national footprint.

About Bear Castle Capital

Bear Castle Capital ("Bear Castle") is the leading private building industry-focused private investment firm. Founded by Robert B. Lane and Jennifer F. Fish in 2022, Bear Castle is building America by investing in innovation and empowering industry entrepreneurs as they work to solve the building needs of our changing world.