BDT & MSD Partners Acquires Majority Stake in Summit Companies

August 4, 2025

BDT & MSD Partners, through its affiliated funds, entered into a definitive agreement to acquire a majority stake in Summit Companies. Summit Founder and President Quint Rubald, CEO Jeff Evrard, and the management team will remain shareholders and continue leading the fire and life safety services platform.

Buyers
BDT & MSD Partners, BlackRock Long Term Private Capital
Targets
Summit Companies (SFP Holding, Inc.)
Sellers
BlackRock Long Term Private Capital (BlackRock LTPC)
Location
Minnesota, United States
Transaction Type
Buyout

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