BlackRock Long Term Private Capital’s Acquisition of Summit Companies

Paul, Weiss, Rifkind, Wharton & Garrison advised Summit Companies on the deal.
Simpson Thacher advised BlackRock Long Term Private Capital on the deal.

Summit Companies, a portfolio company of CI Capital partners, completed its sale to BlackRock Long Term Private Capital. Financial terms of the transaction were not disclosed.

Summit, a leading fire and life safety service and installation company, completed 55 strategic add-on acquisitions and substantially increased its revenue under CI Capital’s ownership, growing from nine offices in five states to 50 offices in 20 states through two primary operating subsidiaries.

BlackRock LTPC is an innovative private equity strategy focused on investing in high-quality businesses and value creation through active collaboration with management teams.

The Paul, Weiss team included corporate partners Carl Reisner (Picture) and Catherine Goodall, and counsel Julie Martinelli and Ji Lu; tax partner Scott Sontag; intellectual property partner Charles Googe; litigation partner Aidan Synnott and counsel Steven Herzog; executive compensation partner Andrew Gaines and counsel Nicole Tark and Reuven Falik; real estate partner Peter Fisch; international trade counsel Richard Elliott; and antitrust counsel Marta Kelly and Yuni Sobel. 

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).

Involved fees earner: Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Reuven Falik – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Catherine Goodall – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Ji Lu – Paul Weiss Rifkind Wharton & Garrison; Julie Martinelli – Paul Weiss Rifkind Wharton & Garrison; Carl Reisner – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison; Nicole Tark – Paul Weiss Rifkind Wharton & Garrison; Andrew Blau – Simpson Thacher & Bartlett; Stephanie Brenner – Simpson Thacher & Bartlett; Christopher Brown – Simpson Thacher & Bartlett; Noah DeBlasi – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Hunter Hampton – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Cem Islikci – Simpson Thacher & Bartlett; Richard Jamgochian – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; William Kearney – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Christopher May – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Tyler Robbins – Simpson Thacher & Bartlett; Michael Spirtos – Simpson Thacher & Bartlett; Kathryn Sudol – Simpson Thacher & Bartlett; Allison Sutherland – Simpson Thacher & Bartlett; Alisa Tschorke – Simpson Thacher & Bartlett; Samuel Watters – Simpson Thacher & Bartlett; Siwei Yang – Simpson Thacher & Bartlett;

Law Firms: Paul Weiss Rifkind Wharton & Garrison; Simpson Thacher & Bartlett;

Clients: BlackRock; Summit Companies;