CHICAGO--(BUSINESS WIRE)--Wynnchurch Capital ("Wynnchurch"), a leading middle market private equity firm, announced the sale of SafeWorks Holdings, 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.
John 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.