HOUSTON, Feb. 27, 2015 /PRNewswire/ -- The Sterling
Group, a private equity firm based in Houston, Texas, announced that its portfolio
company, Safe Fleet Investments LLC, has completed the acquisition
of Elkhart Brass. Safe Fleet is the market leader in providing
safety solutions for fleet vehicles. The company designs and
manufactures safety-oriented components for the emergency vehicle,
truck and trailer, utility vehicle, school bus, and transit bus end
markets. Elkhart Brass is Safe Fleet's third acquisition in the
last fifteen months and further broadens Safe Fleet's extensive,
safety-oriented product offering, in line with its on-going growth
strategy.
Elkhart Brass is an innovative manufacturer of fire fighting and
fire protection equipment, including monitors, valves, nozzles,
appliances and accessories used in virtually every aspect of fire
fighting. "We are excited to welcome Elkhart Brass into the
Safe Fleet family. The combination of Elkhart Brass with FRC and
Foam Pro will enable us to develop integrated systems of monitors,
valves, foam proportioning and electronic controls for the global
emergency market," said John R.
Knox, President & CEO of Safe Fleet. "This acquisition
supports our vision to build the leading global provider of safety
solutions for fleet vehicles."
Safe Fleet was formed in 2013 through the simultaneous
acquisitions of ROM Corporation and Specialty Manufacturing Inc.
The growing Safe Fleet portfolio includes ten leading brands
serving the safety and productivity needs for a variety of end
markets. "Safe Fleet is committed to increasing its ability to
provide critical safety products to its loyal customer base," said
Brian Henry of The Sterling
Group. Safe Fleet will continue to pursue new acquisition
opportunities to expand the products and solutions it offers its
fleet vehicle customers.
About Safe Fleet
Headquartered in Belton, MO,
Safe Fleet owns a portfolio of brands that provides safety-oriented
components and integrated solutions for fleet vehicle manufacturers
and operators around the world. These brands serve five major
markets including: emergency services, bus and rail, truck and
trailer, utility, and industrial. With almost 1000 employees,
the Safe Fleet family of brands operates over 500,000 square feet
of manufacturing space and targets markets with increasing demand
for operator, passenger and pedestrian safety.
For more information about Safe Fleet please visit
www.safefleetsolutions.com.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity
investment firm that targets controlling interests in basic
manufacturing, distribution and industrial services
companies. Typical enterprise values of these companies range
from $100 million to $500
million. Sterling has sponsored the buyout of 45
platform companies and numerous add-on acquisitions for a total
transaction value of over $10.0
billion. Currently, Sterling has over $1.1 billion of committed capital under
management through two funds. Current portfolio companies
include CST Industries, Universal Fiber Systems, Express, B&G
Crane, Saxco International, Liqui-Box, Dexter Axle, Safe Fleet,
Specified Air Solutions and Aquatic.
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SOURCE The Sterling Group