Altas is pleased to announce that Jordan Thomson has joined the firm as a Director within the Portfolio Solutions Group.

Prior to joining Altas, Jordan worked at McKinsey & Company, where he led strategy and performance improvement engagements across many different industries. Previously, Jordan worked at CBRE Investment Management and Bank of America Merrill Lynch.

Jordan holds a Bachelor of Commerce from Queen’s University (First Class Honours) and an MBA from Yale University.

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We are pleased to share that Jessica Delfino and Nick Mancini have been promoted to Partner.

In their time at Altas, Jessica and Nick have exhibited deep expertise, strong judgment, and exceptional leadership. Their promotions reflect both the meaningful contributions they have made to our firm and our commitment to developing outstanding talent.

Congratulations to Jessica and Nick on this well-deserved and significant career achievement!

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We were delighted to host our partners at the 2025 Altas Annual General Meeting in Toronto. The event brought together our team, Advisory Board members, and senior leaders from our portfolio companies to reaffirm our ongoing commitment to our long-term objectives, underscore the continued discipline of our strategy, and highlight the many operational initiatives across our businesses that continue to drive value creation.

We were especially fortunate to welcome David Lawee – Founder and General Partner of CapitalG, former Vice President of Corporate Development at Google, and a valued member of our Advisory Board – for an engaging conversation with our CEO, Andrew Sheiner. Their discussion explored the rapid evolution of AI, and the lessons David has learned throughout his remarkable career.

Thank you to all our partners who joined us in Toronto and to those who participated virtually. We are deeply grateful for your continued partnership.

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Earlier this month, Altas was thrilled to welcome six new Associates to the Investment Team across our Toronto and New York offices: Michaela Borrell, Nicolas Corbett, Matthew Current, Aryan Paliwal, Lynne Sipprelle, and Max Stravitz.

Please join us in welcoming Michaela, Nicolas, Matthew, Aryan, Lynne, and Max!

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August 19, 2025 - Pye-Barker Fire & Safety — the largest fully integrated and full-service fire protection, life safety and security services provider in the United States — has announced the launch of its Achieving Lasting Legacy Incentive “ALL In” ownership program, granting significant incentive awards to every eligible full-time team member at no cost. The move makes Pye-Barker the largest company in the fire and life safety industry to be powered by employee ownership, underscoring its deep commitment to shared success and a culture where everyone thrives.

The new broad-based incentive program provides team members with a tangible opportunity and shared responsibility to build a culture that makes them proud to call Pye-Barker “our company.” With a personal stake in Pye-Barker’s success, employees remain dedicated to exceptional customer service and safety while embracing new opportunities to demonstrate leadership in their teams and communities. The program was developed in consultation with Ownership Works, a nonprofit that partners with companies and investors to provide all employees with the opportunity to build wealth at work through employee ownership.

“ALL In” supplements existing salary and benefits with a new profit-sharing incentive. Pye-Barker will grant an initial incentive award to each full-time team member at no cost, followed by an additional incentive award in each subsequent year of employment, with further appreciation potential as the organization continues its strong growth trajectory.

“Reaching the scale we have achieved allows us to recognize our team members in this meaningful way. They are the ones who have made this organization so successful,” said Bart Proctor, CEO of Pye-Barker Fire & Safety. “This is their company, and they should feel tremendous pride sharing in the rewards of building a best-in-class organization.”

The program also benefits customers nationwide, as research shows companies that share success with team members demonstrate higher levels of customer satisfaction, service quality and innovation.

“Our mission is to protect lives, livelihoods and legacies, so we make every effort to treat our customers and team members with care, respect, trust and a commitment to doing what’s right,” said Pye-Barker Chief Human Resources Officer Rebecca True. “We are proud to further our investment in our people, their personal aspirations and legacy through the ‘ALL In’ employee ownership program.”

The program comes on the heels of Pye-Barker’s January announcement that it secured additional private capital to further invest in the next phase of growth. In recognition of their contributions to the company’s growth which facilitated the private investment, Pye-Barker paid cash bonuses to all 8,000 full-time team members across more than 250 locations in 46 states.

Pye-Barker’s “ALL In” plan is fully supported by its lead investors Altas Partners (Altas) and Leonard Green & Partners, L.P. (LGP) and minority stakeholders, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and GIC.

“We have strong confidence in the Pye-Barker team and the company’s future potential. We believe this important initiative will empower and further align the team as we continue to build a best-in-class fire, life safety, and security organization for our customers, while fostering a culture in which every team member has the opportunity to thrive,” said Scott Werry, managing partner at Altas.

“Pye-Barker’s success results from the dedication and hard work of every one of its employees. It makes sense to reward their entrepreneurial spirit and genuine care for each other and their communities as the organization grows,” added John Danhakl, managing partner at LGP.

The program name “ALL In” demonstrates Pye-Barker’s commitment to shared success. The program reinforces that the company is “all in” on its commitment to team members, while together, everyone is “all in” on Pye-Barker’s success.

Pye-Barker will celebrate the “ALL In” program launch throughout the week, including a special recognition at the NASCAR Cup Series race in Daytona on August 23, 2025.

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Altas is pleased to announce that Connor Bilby has joined the firm as a Principal within the Investor Relations team.

Prior to joining Altas, Connor worked at Davidson Kempner, where he most recently served as a Principal on the Marketing and Investor Relations team.

Connor holds a bachelor’s degree in Economics from Tufts University and is a CFA Charterholder.

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MEMPHIS, Tenn.--Redwood Services (“Redwood”), a leading national platform in the essential home services sector, today announced a significant equity investment from Altas Partners (“Altas”), a North American investment firm. The transaction, expected to close in the second quarter of 2025 pending regulatory approvals, marks the expansion of Redwood’s investor group alongside founding backer Union Main Group. Terms of the transaction were not disclosed.

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Today, Redwood supports over 2,500 employees and generates more than $500 million in annual revenue. Over the years, Redwood has built a proven partnership model and a robust national platform—with an emphasis on scaling with discipline, preserving culture, and driving and supporting consistent performance across its family of brands.

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“Altas is the ideal partner as we embark on our next phase of growth,” said Richard Lewis, Founder and CEO of Redwood Services. “We’ve built a nationwide, people-first platform that empowers elite contractors through local alignment and world-class support. Our Partner Support Center helps our Partners unlock their full potential, enabling them to deliver exceptional service and build lasting customer relationships. We’re proud of what we’ve built, and we’re just getting started.”

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The investment will enable Redwood to further strengthen its infrastructure, expand strategic partnerships, accelerate tuck-in acquisitions across the U.S., and continue to help its local brands operate at the highest level.

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“Altas shares our vision and deeply values what we’ve built,” said Adam Hanover, Co-Founder and CEO of Union Main Group and Chairman of Redwood’s Board. “Their experience scaling businesses from our size to several times larger—combined with their genuine respect for Redwood’s culture, partnership model, and Partner Support Center team—makes them an ideal partner for this next chapter. We’re excited to welcome them to the team.”

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Altas brings a distinct approach to partnerships given its focus on completing only one or two significant investments each year, allowing for deep engagement and meaningful collaboration. Altas has a strong track record of helping leading services businesses like Redwood grow significantly larger and more valuable—by enhancing capabilities while preserving each company’s unique culture. In recent years, this approach has led to the development of the leading commercial roofing service provider and the leading independent fire and life safety provider in the U.S.

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“We’ve spent several years studying the home services and residential HVAC space, and Redwood stands out as one of the premier platforms in the industry,” said Michael Korzinstone, Partner at Altas. “Redwood’s impressive team, disciplined approach to growth, strong local alignment, and mission-driven culture set it apart from others in the industry. Given our track record of helping scale leading services businesses in other sectors, we are confident we can provide the support and capabilities to help Redwood accelerate its growth while preserving what makes it exceptional.”

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Advisors

Piper Sandler & Co. served as Redwood’s financial advisor. Debevoise & Plimpton LLP and Burch, Porter & Johnson, PLLC served as legal counsel to Redwood. Baird and Deutsche Bank served as Altas’ financial advisors. Kirkland & Ellis LLP served as legal counsel to Altas.

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About Redwood Services

Founded in 2020 and headquartered in Memphis, Redwood Services is a nationwide people-focused platform dedicated to empowering elite contractors in the essential home services industry. Redwood provides world-class resources, coaching, and strategic partnerships to 19 leading companies across the United States, enabling its Partners to deliver exceptional HVAC, plumbing, and electrical services to residential customers. Redwood’s mission is to unleash the full potential of its Partners, supporting them in providing high-quality service and building lasting relationships with customers. For more information, visit www.redwoodservices.com.

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About Altas Partners

Altas Partners is a North American investment firm focused on selectively acquiring significant interests in high-quality businesses with meaningful growth potential. Altas focuses on sub-sectors where it has deep expertise, seeking one or two compelling investment opportunities each year. The Firm's patient investment philosophy and engaged approach to ownership distinguish Altas as a buyer of choice for many management teams and founders. The Firm was founded in 2012 and operates from offices in Toronto and New York. Altas manages more than $10 billion on behalf of leading institutional and family office investors from around the world. For more information, visit www.altas.com.

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About Union Main Group

Union Main Group is a long-term holding company that owns and operates a concentrated portfolio of essential business services companies. Founded and led by Marc and Adam Hanover, Union Main is backed by a close-knit group of entrepreneurial investors, including Bill Conway (Co-Founder, The Carlyle Group), Pitt Hyde (Founder, AutoZone), and Mitchell Blutt and Kevin Livingston (Founders, Consonance Capital). Union Main builds and scales businesses in partnership with exceptional operators, and has selectively partnered with large-cap investment firms—while continuing to hold significant stakes as its companies enter new chapters of growth. For more information, visit www.unionmain.us.

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Altas is delighted to announce that Isaac Fisher-Jhirad has re-joined the firm as a Director on the Investment Team.

Isaac returns following time on CD&R’s investment team in New York. He previously spent two years at Altas as an Associate and began his career in investment banking at Barclays in Toronto. Isaac holds a Bachelor of Business Administration from Wilfrid Laurier University (with High Distinction, Gold Medalist).

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ATLANTA, June 10, 2025 - Today, Pye-Barker Fire & Safety ("Pye-Barker" or the "Company"), the largest fully integrated and full-service fire protection, life safety, and security alarm services provider in the United States, announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA") and GIC, a global institutional investor, have completed the acquisition of minority stakes in Pye-Barker, joining existing equity holders Altas Partners ("Altas") and Leonard Green & Partners, L.P. ("LGP"), as investors in the Company. 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.

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Headquartered in Atlanta, Georgia, Pye-Barker is the leading privately-owned commercial fire protection services provider in the U.S. The Company's service offerings include inspection, testing, maintenance, repair, and installation of fire detection systems, fire alarms, fire extinguishers, fire suppression and sprinkler systems, and security alarm monitoring services for businesses nationwide.

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"We are excited about entering our next phase of growth with our longstanding and exceptional partners in Altas and LGP, as well as with our new investors ADIA and GIC who share our common vision," said Bart Proctor, CEO of Pye-Barker. "Pye-Barker is fortunate to have experienced rapid growth due to the hard work, innovation, and entrepreneurial spirit of our people. On behalf of Pye-Barker's leadership team, we appreciate the strong existing partnership with Altas and LGP and look forward to the support of ADIA and GIC as we continue our focus on growth by delivering exceptional care for our team members and customers."

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"We extend our sincere gratitude to the entire Pye-Barker team for their outstanding work in building a world-class organization," said John Danhakl, Managing Partner at LGP. Evan Hershberg, Partner at LGP, added, "We look forward to the next stage of Pye-Barker's growth and continued success. Since we partnered with the Pye-Barker team over five years ago, the Company has been a consistently strong performer and has delivered exceptional growth and value to all stakeholders. We are excited about the many growth opportunities that lie ahead and look forward to continuing our support of the Company."

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"We are pleased to welcome ADIA and GIC as new financial partners in Pye-Barker. This transaction underscores the strength of the Company, its talented management team, and its significant growth opportunities," said Scott Werry, Managing Partner of Altas. "We are excited to continue our partnership with Pye-Barker and have strong confidence in the Company's future success under the leadership of Bart and his accomplished team."

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The transaction closed in January 2025. Harris Williams served as lead financial advisor to Pye-Barker. Bank of America, Deutsche Bank, Goldman Sachs & Co., Jefferies, and Piper Sandler also provided financial advice to parties in the transaction. Latham & Watkins LLP acted as legal advisor to LGP and Kirkland & Ellis LLP acted as legal advisor to Pye-Barker and Altas. Dechert LLP acted as legal advisor to GIC and Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to ADIA.

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ABOUT PYE-BARKER FIRE & SAFETY
Pye-Barker Fire & Safety is the largest fully integrated fire protection, life safety and security alarm services provider to commercial end markets in the United States. Headquartered in Atlanta, Georgia, and servicing facilities in industrial, hospitality, retail, healthcare and other commercial markets, Pye-Barker's comprehensive offerings focus on inspection, testing, maintenance, service and repair of life safety and fire protection products and systems to help save lives, protect businesses, and ensure state and local building code compliance. With over 250 locations and nearly 8,000 team members across 45 states, Pye-Barker ranks No. 849 on the Inc. 5000 and No. 8 on the SDM 100. For more information about Pye-Barker, visit www.PyeBarkerFS.com.

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ABOUT ALTAS
Altas Partners is a North American private equity firm focused on selectively acquiring significant interests in high-quality businesses with meaningful growth potential. Altas focuses on services sub-sectors where it has deep expertise, seeking one or two compelling investment opportunities each year. The firm's patient investment philosophy and engaged approach to ownership distinguish Altas as a buyer of choice for many management teams and founders. The firm was founded in 2012 and operates from offices in Toronto and New York. Altas manages more than $10 billion in AUM on behalf of leading institutional and family office investors from around the world. For more, visit www.altas.com.

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ABOUT LGP
LGP is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $70 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has completed over 150 investments in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare, and business services, as well as distribution and industrials. For more information, please visit www.leonardgreen.com.

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ABOUT ADIA
Established in 1976, the Abu Dhabi Investment Authority is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information, please visit www.adia.ae.

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ABOUT GIC
GIC is a leading global investment firm established in 1981 to secure Singapore's financial future. As the manager of Singapore's foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. Its long-term approach, multi-asset capabilities, and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 2,300 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit www.gic.com.sg.

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