Capital ("Wynnchurch"), a leading middle market private
equity firm, announced the sale of SafeWorksHoldings, Inc. (“SafeWorks”) to Evergreen Pacific Partners. The Company
will continue to be led by the current executive management team. Terms
of the transaction were not disclosed.
Headquartered in Seattle, Washington, the Company is a global leader in
the manufacturing of suspended access products designed to enable its
customers to work safely and productively at great heights in extremely
demanding environments. Founded more than 60 years ago, SafeWorks offers
fully integrated manufacturing and engineering solutions for customers
that require aerial access for construction, repair or maintenance.
Driven by customer needs, SafeWorks designs and builds hoists, service
lifts, climb assists, platforms, rigging devices and other safety
products and provides training and services to its customers. In its end
market, the Company is number one by market share in the United States
and number two in Europe.
Hatherly, Managing Partner at Wynnchurch, stated: "We appreciate the
support and partnership of Scott Farrell, SafeWorks’ CEO, and the rest
of the Company’s management team over the past eight years. Scott and
his team successfully navigated through the turbulent economic landscape
of the past several years and these efforts and determination drove an
exceptional return for our investors.”
Harris Williams & Co. served as financial advisor and Perkins Coie LLP
served as legal advisor to Wynnchurch.
About Wynnchurch Capital:
Wynnchurch Capital, headquartered in the Chicago suburb of Rosemont,
Illinois with offices in Detroit, Toronto, and an affiliate office in
Montreal, was founded in 1999 and is a leading middle-market private
equity investment firm. Wynnchurch's strategy is to partner with middle
market companies in the United States and Canada which have outstanding
management teams and possess the potential for substantial growth and
profit improvement. Wynnchurch focuses on investments in
niche manufacturing, business and industrial services, energy and power
services, logistics, transportation and value-added distribution.
Wynnchurch manages a number of private equity funds with capital under
management in excess of $1 billion, specializing in management buyouts,
recapitalizations, corporate carve-outs, restructurings and
growth capital. For more information, please visit: www.wynnchurch.com.
Flanigan Communications, Inc.
Mr. John Hatherly
Source: Wynnchurch Capital