Madison, Wis.-based Conney Safety Products, which is owned by CI Capital Partners, has acquired Mettam Safety Supply Company of Danville, Illinois. Terms of the deal were not released. The acquisition is part of Conney’s strategy to expand its business as a specialty distributor of safety supplies and equipment. CI Capital Partners is a private equity firm based in New York.
Conney Safety Products, the largest specialty distributor of Safety Supplies and Equipment in the United States, announced today that it has completed the purchase of Mettam Safety Supply Company of Danville, IL.
Michael Wessner, Chief Executive Officer of Conney Safety Products, said, “The combination of these two companies will be very powerful. Mettam’s large customer relationships will benefit from Conney’s premier inventory and distribution capabilities, catalog, web presence, and information technology infrastructure. We hope to find several more companies like Mettam to partner with over the next few years.”
Nan Mettam, President of Mettam Safety Supply Company, said, “Mettam has been a proud and successful family-owned business since my father founded the company more than 30 years ago. Looking toward the future, we realized that we needed a larger platform in order to best service our customers. We believe Conney’s model provides the size and resources necessary to be successful while continuing Mettam’s legacy as a technically savvy safety products specialist. Conney has a strong track record of making combinations like this work flawlessly. I don’t think we could have found a more ideal partner.”
“Our role is to back great management teams,” said Thomas Ritchie, Managing Director at CI Capital Partners, the New York based private equity firm that, along with management, owns Conney Safety Products. “Over the last four years, the Conney Team has done an outstanding job of building and positioning Conney for growth, both organically and through strategic acquisitions. We believe Mettam Safety will be an excellent addition to the Conney platform.”
About Conney Safety
Conney Safety Products is the largest specialty supplier of safety supplies and equipment in the United States. As a specialist Conney assists its customers to save time, lower costs and keep employees safer through the application of deep Occupational Health and Safety domain expertise combined with innovative systems and processes that provide extremely responsive customer service. The company features more than 14,000 stocked products supported by technicians highly experienced in OSHA requirements and product application and selection. Conney’s website, as well as its industry leading catalog are the most comprehensive and easiest to use in the safety products industry. To learn more about Conney Safety, visit www.conney.com.
About CI Capital Partners
CI Capital Partners is a North American private equity firm focused on consolidations of leading middle market businesses. The firm targets industries that are ripe for consolidation and seeks to substantially scale businesses through organic growth and acquisitions. Since its founding in 1993, the firm and its portfolio companies have made over 95 acquisitions representing over $5 billion in enterprise value. CI Capital’s existing portfolio consists of companies which collectively generate annual revenue of approximately $4.0 billion, EBITDA of $350 million, and have more than 14,000 employees.