Capital Safety announces its acquisition by KKR, a leading global investment firm, from Arle Capital Partners, which had owned the company since 2007. KKR has signed an agreement to pay $1.12 billion for the company, with transfer occurring in January 2012, subject to mandatory regulatory approvals.
Under its previous owner Capital Safety doubled its revenues through a commitment to aggressive research and development, which led to the launch of innovative first-in-the-industry products such as ExoFit NEX™ and i-Safe™ RFID equipment management system, enhanced its global supply chain and expanded into emerging markets for fall protection equipment. It also successfully executed five strategic acquisitions in Australia, Columbia, France, and the U.K. to broaden its offerings for customers worldwide.
“Strong interest in our company is confirmation of our strategic direction and testament to the most experienced team of fall protection experts in the world,” says Anders Pettersson, Capital Safety Group CEO, adding that KKR’s intent is to continue to strategically invest in Capital Safety’s position as the world leader in supplying fall protection solutions and expects continued expansion for the company, both in terms of products and markets served. “Without them we could not have countered the global economic stresses and served a record number of customers with a record number of products.”
Capital Safety, the world’s leading designer and manufacturer of height safety and fall protection equipment with 20 operating sites worldwide, is home of the DBI-SALA, UNILINE, and PROTECTA brands. All of Capital Safety’s fall protection and rescue systems are backed by extensive training, knowledgeable technical assistance, and professional customer service. To learn more call (800) 328-6146, (651) 388-8282, or visit www.capitalsafety.com.
