BlackRock Long Term Private Capital completed the acquisition of a majority stake in Summit Companies from CI Capital.

BlackRock Long Term Private Capital, an innovative private equity strategy focused on investing in high-quality businesses and value creation, completed the acquisition of a majority stake in Summit Companies, a fire and life safety service and installation company, from CI Capital, a North American private equity investment firm. Financial terms were not disclosed. "We are excited to partner with the Summit team to continue building out a national platform designed to deliver the industry’s most comprehensive set of fire and life safety services to both local and regional customers and national accounts. This investment capitalizes on the need for an end-to-end solutions provider as safety continues to be a critical regulatory focus for companies across industries. We look forward to advancing Summit’s strong growth momentum following CI Capital’s ownership over the past four years," Colm Lanigan, LTPC Head of Americas.