Private equity investment firm Building Industry Partners (BIP) named Steve Shaffer as an operating partner. Shaffer will help support BIP and the newly-formed Endeavor Fire Protection, BIP’s fire and life safety platform.
“Steve is a proven operator and has demonstrated the ability to meaningfully scale platforms, building local providers into national platforms — from GFP to Consolidated Fire Protection to Impact Fire Services,” Robert Lane, vice president of BIP and director at Endeavor Fire Protection, said in a news release. “Over the last twenty years, Steve built and successfully 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 ahead.”
Shaffer brings nearly four decades of experience in the fire protection industry to BIP. Shaffer joins BIP from Impact Fire Services (currently operating as AI Fire Protection), the company he founded and served as president and chairman. Additionally, Shaffer led Impact Fire Services from start-up in 2009 to $70 million in revenue in 2017.
“I am excited to partner with Building Industry Partners in building a premier fire and life safety company. As the leading private equity firm focused on the U.S. building industry, and with their focus on investing in their business’ people and advancing human capital management, BIP is perfectly situated to understand the unique opportunities and challenges of building trade companies, which are definition people-intensive,” Shaffer said. “The acquisition of Valley Fire Protection provides an outstanding platform in the fire and life safety industry. I look forward to partnering with BIP and management at Valley Fire Protection as we establish EFP as a customer-centric and employee-focused company.”
Endeavor Fire Protection officially launched in August after the acquisition of Valley Fire Protection. The platform offers installation, service, and repair services for fire sprinkler and plumbing systems.
Boston-based BIP has been involved in the formation of several leading industry players over the past decade, including US LBM, Kodiak Building Partners, Homewood Holdings, U.S. Fence Solutions/Binford Supply, United Cabinet Holdings, and Rugby Architectural Building Products.
BIP also founded Southeast Building Supply Interests in July 2021 with the acquisition of Warner Robins Building Supply, Henson Building Materials, and Mountain Building Supply. Earlier in July, BIP founded four-unit, California-based LBM platform West Coast Lumber.
