BDT & MSD Partners completed the acquisition of a majority stake in Summit Companies from BlackRock.

BDT & MSD Partners, a merchant bank built to serve the distinct needs of founders and family business owners, completed the acquisition of a majority stake in Summit Companies, a provider of fire and life safety services, from BlackRock, an investment company. Financial terms were not disclosed. “Summit has spent the past two decades doing what great founder-led companies do best: staying close to the customer, investing in people, and building for the long-term. We are proud to be joining Quint, Jeff, and their team as partners and stewards of a business that plays such a vital role in protecting lives and communities," Byron Trott, BDT & MSD Partners Chairman & Co-CEO.