LoneTree has made an investment in Safety Plus, a provider of safety management, contractor management and compliance software and services. No financial terms were disclosed.
PRESS RELEASE
New York, NY (December 15, 2021) – Safety Plus, a leading provider of safety management, contractor management, and compliance software and services, today announced a significant investment by LoneTree, a New York-based growth capital firm. The transaction will enable Safety Plus’ executive team to pursue strategic growth initiatives, invest in further platform innovations, and conduct strategic M&A.
Safety Plus, founded in 1991 as an OSHA compliance and services company with a focus on loss-control, has experienced strong growth in recent years, becoming a market leader in safety program software and outsourced safety program management serving a wide variety of industries. This status is evidenced by recent customer wins, which include leading companies around the United States. Over the past year, Safety Plus’s headcount has grown from 31 to 58, and the Company is currently servicing more than 1,400 customers.
Bart Briggs, Founder of Safety Plus, commented, “We are delighted to be working with LoneTree. Their investment in Safety Plus is an endorsement of the team, services, and technology we have built over the last 30 years. We believe the industry’s rapid growth is underpinned by the accelerated wave of safety program outsourcing. LoneTree is the perfect partner to support our mission of making safe and productive work one and the same while we cement our role as a leader in this high growth sector.”
“We are thrilled to partner with Bart, Taylor, and the rest of the team at Safety Plus to support the Company’s next phase of growth,” said LoneTree Managing Partner, Matt Koven. “The success of Safety Plus reflects the quality of the platform, the organization, and its leadership. We look forward to working closely with the Safety Plus team as we continue to expand their products, services, and technological capabilities while building a world-class organization in support of their customers.”
Leading LoneTree’s acquisition and growth investment in Safety Plus were Matt Koven, Stephen Miller, and Jesse Zhou. Maynard Cooper & Gale LLP provided legal counsel to Safety Plus. Morris, Manning, & Martin LLP represented LoneTree.
Safety Plus
Safety Plus is a leading provider of safety management, contractor management, and compliance software and services to a wide variety of industries. Based in Mobile, Alabama, the Company specializes in streamlining safety operations for clients throughout the United States. For more information on Safety Plus, please visit www.safetyplusinc.net or our LinkedIn page.
About LoneTree
LoneTree is a growth-focused private capital firm. Founded in 2021 and headquartered in New York City, LoneTree provides operational and M&A support alongside flexible capital to accelerate revenue growth. We enable our partner companies to achieve their next stage of growth more quickly and with a higher level of certainty. LoneTree invests $10 million to $40 million per transaction in control and non-control positions and will make equity and/or junior debt investments. Targeted sectors include software, digital infrastructure, healthcare IT services, business and consumer services, and financial technology / specialty finance. For more information, please visit www.lonetreecap.com.
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