Kirkland Advises Pye-Barker and Altas on Sale of Minority Stakes

Kirkland & Ellis advised Pye-Barker Fire & Safety and existing equity holder Altas Partners on the sale of minority stakes in Pye-Barker to a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA") and GIC, a global institutional investor. Leonard Green & Partners, L.P. (LGP) is also an existing equity holder, and as part of the transaction, LGP invested significant new capital into the company while Altas retained the majority of its ownership interest. Financial terms were not disclosed. The transaction was announced January 10, 2025 and closed this month. Pye-Barker is the largest fully integrated and full-service fire protection, life safety, and security alarm services provider in the United States.

Read the transaction press release

The Kirkland team included corporate partners Michael Weisser, Shawn OHargan, Aidan Murphy and Guirgis Nasief; debt finance lawyer Kathryn Leonard; tax lawyers Vin Thorn and Liam Murphy; and government contracts partner Boyd Greene.