Simpson Thacher advised BlackRock Long Term Private Capital (“LTPC”) in its acquisition of a majority interest in Summit Companies (“Summit”), a leading fire and life safety service and installation company, from CI Capital Partners (“CI Capital”). LTPC will partner with Summit’s management team to drive the company’s next phase of growth through geographic expansion and scaling its capabilities and services.
LTPC is an innovative private equity strategy focused on investing in high-quality businesses and value creation through active collaboration with management teams. LTPC is backed by BlackRock, Inc., which manages $283 billion in alternative investments and commitments on behalf of clients worldwide as of June 30, 2021.
Since 1999, Summit has been a leader in the fire and life safety space with experience and capabilities that create a one-stop-shop solution for fire detection and fire suppression on a local and national scale.
The Simpson Thacher team included Katie Sudol, Chris May, Michael Spirtos, Hunter Hampton and Siwei Yang (M&A); Christopher Brown, Noah DeBlasi, Cem Islikci and Janhvi Barthwal (Credit); Marcy Geller, Tyler Robbins and Edward Grais (Tax); Andrew Blau, Alisa Tschorke and Allison Sutherland (ECEB); Lori Lesser, Corina McIntyre and Samuel Watters (IP); Michael Isby and Timothy Mulvihill (Environmental); Krista McManus and Stephanie Brenner (Real Estate); Peter Guryan, Richard Jamgochian, Kelly Karapetyan and William Kearney (Antitrust); and Steve DeLott (Insurance).