Trivest Partners’ Hazmasters Completes First Add-On Deal


Hazmasters, Inc., a Pickering, Ontario-based supplier of products used to ensure safety throughout various end markets, acquired New Heights Industries, Inc., a professional safety training company located in Winnipeg, Manitoba. The financial terms of the transaction were not published. The acquisition of New Heights Industries is Hazmasters’ first since the company was successfully recapitalized by U.S. private equity firm Trivest Partners in 2011.

PRESS RELEASE

TRIVEST AFFILIATE HAZMASTERS COMPLETES ADD-ON ACQUISITION

Miami, FL – (September 11, 2012) Trivest Partners (“Trivest”) today announced that its affiliate, Hazmasters, Inc. (“Hazmasters”), has acquired New Heights Industries (“New Heights” or the “Company”). Based in Winnipeg, Manitoba, New Heights is a founder-owned provider of professional workplace safety training and related products.

Randy Myers, Hazmasters’ CEO, said, “The New Heights acquisition is a great complement to Hazmasters’ existing business. New Heights brings new customer relationships and opportunities for the combined companies. With a full suite of training programs for fall protection, scaffolding and confined space, New Heights is a natural fit with Hazmasters and further enhances our ability to provide unparalleled training services and products to our long-standing customers.”

Chip Vandenberg, Trivest Partner, added “When we partnered with the Hazmasters team, we recognized an opportunity to acquire businesses that augmented and/or expanded the Company’s capabilities and relationships. New Heights is the first such acquisition for Hazmasters and we will continue to identify and pursue additional opportunities that fit within our investment strategy to create one of the leading workplace health and safety products and training suppliers in North America.”

Headquartered in Pickering, Ontario, Hazmasters supplies a broad range of high quality products that are used to ensure employee safety throughout various end markets. Over its 20+ year history, Hazmasters has developed an expertise in safety products that has made the Company an indispensible supply chain partner to its customers. The Company also provides a broad offering of industry leading, value-added services, including equipment repair, site inspection, product training and safety education. With 11 offices across Canada and nearly 200 vendors, Hazmasters’ reach and product breadth is unmatched, as evidenced by the Company’s more than 2,000 active customers. For additional information, please visit www.hazmasters.com.

Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 185 transactions, totaling in excess of $4.8 billion in value. For additional information, please visit www.trivest.com.

Photo courtesy of Shutterstock.

 

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