Evergreen Pacific Partners, a Washington-based private equity fund, has acquired Seattle-based SafeWorks from Wynnchurch Capital. SafeWorks designs and builds hoists, service lifts, climb assist systems, platforms, rigging devices and other safety products for various industries, including the wind power sector. Financial details were not disclosed.
Founded more than 60 years ago, SafeWorks sells its products under several brand names: Power Climber Wind products, for example, are sold to wind power original equipment manufacturers, service companies and wind farm owners.
‘SafeWorks is a company with a solid leadership position in end markets that are experiencing global growth,’ says T.J. McGill, co-founder and managing partner of Evergreen Pacific Partners. ‘With its seasoned management team, strong network of distribution partners and demonstrated ability to innovate and deliver new products, SafeWorks is poised for continued strong growth in the U.S., Europe and the rest of the world.’
‘With this investment from Evergreen, we are ready to reach new heights in our company's growth,’ adds Scott Farrell, who will remain CEO of SafeWorks. ‘We will continue to invest in new technologies and products to better serve the needs of our existing customers and partners, while looking forward to advancing aerial access and safety solutions that raise the bar for the entire industry.’