BDI Partners Announces the Acquisition of FMI Investment Partners
RALEIGH, N.C., Oct. 23, 2023 /PRNewswire/ -- BD Investment Partners, LLC (BDI Partners), a lower-middle market private investment firm focused on the Built Environment, is pleased to announce the successful acquisition of FMI Investment Partners (FMIIP) that occurred on September 30, 2023. Chris Burnham and Adam Daigle, co-founders of FMIIP together with FMI Corporation, formed BDI Partners to acquire the full interest in FMIIP from its previous stakeholders. Going forward the firm will operate as BDI Partners."The strategy of partnering with high-quality, lower-middle market entrepreneur and family-owned private companies at FMI Investment Partners remains the core strategy of BDI Partners," notes Burnham. Added Daigle, "we are excited to continue building on our success with our partner companies thus far while finding and partnering with new opportunities across the Built Environment as BDI Partners."Since 2020, the team has made 18 investments across five platform companies spanning the Built Environment. The first investment, Green Group Holdings, a residential lawn, tree, and shrub care services provider, was successfully recapitalized in July 2022 and is now part of Turf Masters Brands (funds managed by BDI Partners remain a large minority owner in the company). Other partnerships in the portfolio include: ARRO Consulting, a civil engineering and environmental consulting firm focused on the water and wastewater market; LoJac, a provider of non-destructive hydro-excavation, CCTV pipe inspection, and hydro-jetting and pipe flushing services across the Southern U.S.; Energy Task Force and Tricon Piping Systems, manufacturers and value-added distributors of prefabricated, pre-insulated, secondary containment, and conduit piping systems across the U.S.; and Ira Walden & Sons, a full-service provider of residential interior and exterior painting, finishing, and refinishing services to the ultra-high-end luxury market. Investors in the funds managed by FMIIP can expect a seamless transition as all investment team members at FMIIP, including Burnham and Daigle, remain part of BDI Partners and will continue to manage those funds.About BDI PartnersBDI Partners (formerly FMI Investment Partners), headquartered in Raleigh, NC, is a lower-middle market investment firm that partners with private companies providing services, products, and technologies that support the Built Environment in the United States and Canada. We partner with high-quality, entrepreneur, and family-owned companies who share our desire to build great enterprises that make a positive impact on their employees, customers, communities, and the Built Environment.By focusing exclusively on one industry, the Built Environment, we deliver a specialized approach to each investment, providing our partner companies expertise in strategy, operations, human capital, and financing to help them navigate change, build their infrastructure, and grow both organically and through acquisitions. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $5 million and $60 million and EBITDA between $1 million and $7 million. We will review additional opportunities, selectively. For additional information, please visit www.bdipartners.com
- BD Investment Partners, LLC (BDI Partners), a lower-middle market private investment firm focused on the Built Environment, is pleased to announce the successful acquisition of FMI Investment Partners (FMIIP) that occurred on September 30, 2023.
- RALEIGH, N.C., Oct. 23, 2023 /PRNewswire/ -- BD Investment Partners, LLC (BDI Partners), a lower-middle market private investment firm focused on the Built Environment, is pleased to announce the successful acquisition of FMI Investment Partners (FMIIP) that occurred on September 30, 2023.
- Chris Burnham and Adam Daigle, co-founders of FMIIP together with FMI Corporation, formed BDI Partners to acquire the full interest in FMIIP from its previous stakeholders.
- "The strategy of partnering with high-quality, lower-middle market entrepreneur and family-owned private companies at FMI Investment Partners remains the core strategy of BDI Partners," notes Burnham.