Pye-Barker Secures New Minority Investments From ADIA, GIC
Pye-Barker Fire & Safety announced it has raised additional capital for increasing its technician workforce investment, enhancing its service to customers and enabling more smart growth through acquisition.
Under the newly completed transaction, Pye-Barker’s two lead investors, Altas Partners and Leonard Green & Partners (LGP), remain unchanged. Altas retained the majority of its interest in the company, while LGP invested new equity and retained a meaningful portion of its existing interest, signaling their shared commitment to Pye-Barker and belief in the company’s long-term growth prospects.
A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and GIC, a global institutional investor, completed the acquisition of minority stakes.
The continuity of the lead investors reflects their confidence in the company’s existing direction and leadership and provides consistency to Pye-Barker’s strategy of prioritizing customer service, team member care and growth.
Team member investment
With a proven culture of taking care of its teams and customers, Pye-Barker puts significant focus on growing the knowledge and careers of its nearly 8,000 team members, promoting and hiring from within, and opening new career paths to field teams and technicians.
With increased capital, Pye-Barker plans to further invest in workforce infrastructure with new talent development programs, mentoring, and career acceleration resources.
Strategic growth and customer care
The company, which currently operates more than 250 branches across 45 states, also plans to continue its acquisitive growth and enhance its integrated, full-service customer offerings.
“In my three decades at Pye-Barker, my vision has always been to create the best fire protection and life safety company in the world,” said Bart Proctor, Pye-Barker CEO. “We are tremendously blessed to have the support of investors who also value our role as the leader with the most complete solution to protect customers’ lives and livelihoods. They have enabled us to prioritize the care and growth of the hardworking and entrepreneurial technician base that I am so proud to work alongside.”
“Pye-Barker is nothing without our people,” said Rebecca True, Pye-Barker Chief Human Resources Officer. “While we grow our service offerings and locations to better support our customers, we remain focused on designing a workplace that’s among the best in terms of team camaraderie and gives everyone the chance to define their legacy and build the career of their choosing.”
Pye-Barker has maintained a reputation for rapid growth while maintaining culture. From 2021-2024, Pye-Barker grew 587% percent, ranking No. 849 on the Inc. 5000. In addition to focusing on its teams and customers, the company also supports its communities and has dedicated time and resources to causes including the Wounded Warrior Project, Breast Cancer Research Foundation, Atlanta Fire Rescue Foundation, Toys for Tots, Salvation Army and many more organizations on a local level.
