M&A Deal Summary

Warren Equity Partners Acquires Code Red Safety

On September 1, 2022, private equity firm Warren Equity Partners acquired safety/security company Code Red Safety from Hastings Equity Partners

Acquisition Highlights
  • This is Warren Equity Partners’ 1st transaction in the Safety/Security sector.
  • This is Warren Equity Partners’ 23rd transaction in the United States.
  • This is Warren Equity Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 2022-09-01
Target Code Red Safety
Sector Safety/Security
Buyer(s) Warren Equity Partners
Sellers(s) Hastings Equity Partners
Deal Type Secondary Buyout

Target

Code Red Safety

Hammond, Indiana, United States
Code Red Safety is a provider of integrated safety solutions. The Company rents and sells industrial safety equipment, and provides specialty services for the petrochemical, refining, manufacturing, utility and construction end markets. Code Red’s comprehensive suite of safety products and services enhance worker safety and ensure compliance with government regulations. Code Red Safety was founded in 1995 and is based in Hammond, Indiana.

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Buyer(S) 1

Buyer

Warren Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Warren Equity Partners is a private equity firm focused on small and medium-sized company investments. Warren Equity will consider profitable companies throughout North America and looks to invest $25 to $100 million per transaction. Sectors of interest include infrastructure, energy services, industrial, and building materials. Warren Equity Partners was formed in 2015 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 23 of 28
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Indiana) 1 of 1
Country (United States) 23 of 28
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 M&D Distributors

Humble, Texas, United States

M&D Distributors is a distributor of aftermarket parts and components for maintaining and repairing diesel-powered engines within Texas, Oklahoma, and Louisiana. M&D Distributors’ product portfolio includes more than 100,000 new and remanufactured fuel injection, turbocharger, engine part, and filtration products from leading OEMs and aftermarket suppliers. M&D Distributors was founded in 1943 and is based in Humble, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 kVP Energy Services

Benbrook, Texas, United States

kVP Energy Services is a specialized electrical construction and maintenance services company focused principally on the electrical transmission infrastructure and the oil and natural gas services industries. kVP Energy Services was founded in 2012 and is based in Benbrook, Texas.

Buy -

Seller(S) 1

DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 20 of 20
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 7 of 7
State (Indiana) 1 of 1
Country (United States) 19 of 19
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 High Star Traffic

Bartlett, Illinois, United States

High Star Traffic is provider of traffic control services including equipment rental, line striping, and flagging for public and private customers in the Midwest, specifically for road infrastructure and utility customers. High Star Traffic is based in Bartlett, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 GridSource

Baton Rouge, Louisiana, United States

GridSource is a contractor that specializes in infrastructure solutions for the telecom and gas industries. GridSource offers a broad suite of services, including outside plant fiber construction, aerial and underground capabilities, inside plant network construction, gas distribution services, underground electrical services, and contract design and engineering. GridSource is based in Baton Rouge, Louisiana.

Buy -