M&A Deal Summary

Safway Services Acquires SafeWorks

On November 8, 2016, Safway Services acquired safety/security company SafeWorks from Evergreen Pacific Partners

Acquisition Highlights
  • This is Safway Services’ 1st transaction in the Safety/Security sector.
  • This is Safway Services’ 9th transaction in the United States.
  • This is Safway Services’ 1st transaction in Washington.

M&A Deal Summary
Date 2016-11-08
Target SafeWorks
Sector Safety/Security
Buyer(s) Safway Services
Sellers(s) Evergreen Pacific Partners
Deal Type Add-on Acquisition

Target

SafeWorks

Seattle, Washington, United States
SafeWorks LLC is a manufacturer and distributor of powered suspended access and safety solutions for a wide variety of energy, infrastructure, construction and restoration industries.

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Buyer(S) 1

Buyer

Safway Services

Waukesha, Wisconsin, United States
Category Company
Sector Business Services
Revenue 776M USD (2014)
DESCRIPTION

Safway Services LLC is a provider of scaffolding services and access solutions in North America for the industrial and commercial construction markets. The Company provides a comprehensive portfolio of services, including the design, engineering, erection, dismantling, rental and sale of scaffolding throughout the U.S. and Canada. In the industrial market, the Company services multiple end-markets, including refining, power generation, Canadian Oil Sands, chemical and pulp & paper.

DEAL STATS #
Overall 11 of 11
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 11 of 11
State (Washington) 1 of 1
Country (United States) 9 of 9
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-24 Dalco Services

Red Deer County, Alberta, Canada

Dalco Services, Inc. is a provider of full-service lining, coatings and abrasive solutions throughout Western Canada, specializing in 100% solid Epoxy spray applications and internal pipe lining; Sponge-Jet low-dust abrasive blasting; turnarounds; coating inspection; and in-field repair.

Buy -

Seller(S) 1

SELLER

Evergreen Pacific Partners

Seattle, Washington, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Evergreen Pacific Partners is a private equity firm that invests in private, middle-market companies in Western North America. Evergreen focuses on buyouts and growth equity investments in companies generating sales of at least $50 million and where the firm can commit at least $15 million of capital. Sectors of interest include manufacturing/distribution, specialty packaging, consumer products and cable television/radio. Evergreen Pacific was formed in 2004 and is based in Seattle, Washington.

DEAL STATS #
Overall 10 of 15
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Washington) 5 of 7
Country (United States) 10 of 15
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 Vantage Mobility International

Phoenix, Arizona, United States

Vantage Mobility International is a designer, manufacturer, distributor and marketer of vehicle accessibility products, including van conversions, stowage lifts and accessories for wheelchair and scooter users. Vantage Mobility International was founded in 1987 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 NorthStar Group

New York, New York, United States

NorthStar Group provides specialized environmental and technical services to government and commercial facility owners in need of operational, decommissioning, and remediation services. NorthStar Group Services was founded in 1979 and is based in New York.

Sell -
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