NMS recaps Safety Management Group

NMS Capital has recapitalized Indianapolis-based Safety Management Group, a provider of environment, health and safety services.

NMS Capital has recapitalized Indianapolis-based Safety Management Group, a provider of environment, health and safety services. No financial terms were disclosed.

PRESS RELEASE

New York, NY, January 12, 2021 – NMS Capital (“NMS”) announced today that it has partnered with Company management in the recapitalization of Safety Management Group (“SMG” or the “Company”), a leading provider of Environment, Health and Safety (“EHS”) services nationwide. In connection with the transaction, NMS has made a substantial capital commitment to support the future growth of SMG. The Company’s principal shareholders and management team will all continue in their roles in this new partnership and remain significant shareholders post-close. Terms of the transaction were not disclosed.

Founded in 1991 and headquartered in Indianapolis, IN, SMG is a leading and renowned provider of workplace EHS services to clients spanning numerous geographies and end-markets including utilities, healthcare, pharmaceuticals, manufacturing, and construction. SMG helps its clients navigate the heightened regulatory environments in which they operate by providing safety and environmental assistance in key functional areas including staffing, recruiting, training, and program development and oversight. Additionally, the Company’s service offerings include its proprietary SaaS-based technology platform, VERO™, affording subscribers and users enhanced safety reporting, tracking, qualification and credentialing capabilities. NMS will partner with SMG leadership to grow the platform with a sustained and continued focus on safety, dependability, customer service, and company culture.

“The SMG team is excited to enter into this partnership with NMS,” said Randy Gieseking, President of SMG. “This is a significant milestone for SMG, and we spent a significant amount of time searching for a partner that aligns with the 29-year culture SMG has built. We believe that we have found this in NMS to help position SMG for our next growth phase given our shared philosophies around safety, quality and service as well as their expertise across many of the end-markets we serve.”

Noel Jeon, NMS Managing Director, commented, “NMS is proud to partner with them as we continue together along the next phase of growth. NMS’ investment is the result of a theme-based approach within the EHS industry as we recognized the significant importance of safety across most of our portfolio companies in the business services and healthcare services sectors. SMG stood out to us as an industry leader in their field with long-standing and engrained customers that view SMG as a ‘partner’ rather than a ‘vendor’ to their organizations.”

Roxanne Bowman, NMS Operating Executive Council member, added, “SMG’s leadership has built an incredible business and organization, and I’ve personally known about SMG’s phenomenal reputation in the industry for many years. I’m excited to now be able to work with the great leadership at SMG. Our goal is to continue to exceed the expectations of our customers and to employ and develop the best people in the industry.” Ms. Bowman has nearly 30 years of experience in the utility services industry and also serves on the boards of two additional NMS portfolio companies, Treeways and Exo.
The NMS deal team also included Martin Chavez, Neal Monga and Colin Durney. Greenberg Traurig provided legal advice to NMS. Fifth Third Securities served as financial advisor to SMG.

About Safety Management Group:
Safety Management Group (“SMG”) is a leading, nationwide provider of workplace EHS services to clients operating in highly regulated end-markets including utilities, healthcare, pharmaceuticals, manufacturing, and construction. Since its founding in 1991, SMG has assisted clients in key functional areas related to safety and compliance including staffing, recruiting, training, and program development and oversight. For additional information on SMG, please visit the company’s website at www.safetymanagementgroup.com.

About NMS Capital:
NMS Capital is a New York headquartered private investment firm specializing in partnering with founders, entrepreneurs and management teams of leading middle market companies. The firm focuses on companies headquartered in North America poised to benefit from sustainable growth trends with particular emphasis on companies in Business Services and Healthcare Services. For additional information on NMS, please visit the firm’s website at www.nms-capital.com.