Tailwind Capital has merged three of its portfolio companies: National Trench Safety, Trench Plate Rental Company and Support of Excavation. The newly combined companies are now operating under the NTS brand. Based in Houston, NTS is a provider of trench shoring and safety solutions.
Tailwind Capital (“Tailwind”), a growth-oriented private equity firm, today announced that it has created a pure play platform in the trench safety solutions market through a merger of Tailwind portfolio companies National Trench Safety (“NTS”), Trench Plate Rental Company (“TPRC”), and Support of Excavation (“SOE”). The three companies are now united and operating under the NTS brand, creating a scaled player with a full suite of trench safety solutions, coast to coast national reach and unparalleled technical expertise that is well-positioned to benefit from expected market growth.
The creation of NTS addresses a growing need for trench safety solutions in infrastructure-related end-markets such as water, electric and natural gas utilities, and transportation. The platform’s comprehensive portfolio of products and services will be well-positioned to provide safety for workers in excavations, improved productivity for contractors, and compliance with all Federal, State, and Municipal requirements nationwide. Former President and Chief Executive Officer of TPRC, Phil Mason, has become President and CEO of the combined company, NTS.
“We are thrilled that, with the support of Tailwind Capital, we have brought together three complementary businesses to deliver an unmatched breadth of solutions and outstanding customer service that will allow us to drive continued growth under the strong NTS brand name,” said Mason. “Uniting as a single, comprehensive platform enables NTS to better serve our customers and meet growing demand with an enhanced fleet, improved service capabilities, and expanded footprint.”
NTS Chairman and Tailwind Operating Executive, Bruce Dressel, noted, “Increases in infrastructure spending, a continued market shift from owning assets to renting, and incremental trench safety and regulatory compliance are converging to drive strong growth in trench safety solutions. The combined NTS platform is very well-positioned to capitalize on those opportunities, better serve customers, and provide exciting opportunities for its employees. We look forward to helping the combined company drive long-term sustainable growth – both organically and by expanding the platform through future M&A.”
The combined company is a leading independent national provider of trench shoring and safety solutions with a broad portfolio of road plates, trench boxes, hydraulic shoring, slide rails, manholes, beams, guide frames, and sheeting, coupled with highly regarded safety and training services. With a coast-to-coast network of 73 branches in the U.S. and 2 U.K.-based branches, NTS is well-positioned to quickly respond to the needs of its approximately 8,000 active customers.
Oppenheimer and Co. provided financial advisory services to Tailwind Capital on its acquisitions of Trench Plate Rental Company and National Trench Safety. Davis Polk & Wardwell LLP provided legal advisory services to Tailwind Capital on its acquisitions of Trench Plate Rental Company, National Trench Safety and Support of Excavation.
About National Trench Safety
Based in Houston, Texas, NTS is a leading independent national provider of trench shoring and safety solutions with a broad portfolio of road plates, trench boxes, hydraulic shoring, slide rails, manholes, beams, guide frames, and sheeting. NTS serves approximately 8,000 customers from coast-to-coast, through a network of 73 branch locations across the United States and 2 U.K.-based branches. www.NTSafety.com
About Tailwind Capital
Tailwind Capital is a private equity firm focused on growth-oriented investments in targeted sectors within industrials, technology & business services and healthcare. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has invested in 47 portfolio companies and over 135 add-on acquisitions.