Farlie Turner Advises H.I.G. Capital on Portfolio Company Divestiture to Argus Group

    FORT LAUDERDALE, Fla., Aug. 10 /PRNewswire/ -- Farlie, Turner & Co., LLC
 announced today that it served as exclusive financial advisor to H.I.G.
 Capital ("H.I.G.") on the private equity firm's recent divestiture of Total
 Safety Environmental ("TSE") to the Argus Group.
     TSE, a division of H.I.G.'s successful portfolio company Total Safety US,
 Inc., is a leading provider of portable monitoring and safety equipment to the
 environmental consulting industry.  TSE rents equipment to its customers
 primarily through direct shipment to job sites, a practice known as "out-of-
 box" rental.  In addition to renting equipment, TSE is a leading distributor
 of portable safety, sampling and monitoring equipment, and provides reliable,
 comprehensive repair services, including preventative maintenance and
 equipment calibration, through its state-of-the-art distribution center in
 Dayton, Ohio.
     The Argus Group is a family of companies providing comprehensive safety,
 industrial hygiene and environmental monitoring products and services
 specifically designed to help companies reduce worker injuries, control costs
 and increase profitability.  The Argus Group is proud to be celebrating over
 50 years of serving the safety industry, and is headquartered in Chesterfield,
 Michigan.  Argus plans to operate the newly acquired entity under the name
 "Hazco Services."
     H.I.G. Capital and the Argus Group announced Monday that Argus had closed
 on its acquisition of Total Safety Environmental.  Terms of the transaction
 were not disclosed.
     "Farlie Turner ran an extremely effective transaction process which
 resulted in the identification of the best partner for our division.  The
 firm's principals were committed to our transaction from beginning to end,"
 stated H.I.G. Managing Partner Brian Schwartz.
     H.I.G. Principal Stenning Schueppert added, "Farlie Turner was
 instrumental in moving this transaction to closing through their dedication to
 this assignment -- a truly valued partner that exceeded our expectations based
 on other similar service providers.  Having them located in South Florida was
 a major advantage, as it enhanced their level of commitment, accessibility and
 quality of service.  I look forward to working with them again soon, as their
 talent, flexibility and character were both appreciated and mutually
 rewarding."
     Craig Farlie, a partner of Farlie Turner, commented, "We were very pleased
 to work with H.I.G., a leading private equity firm that has consistently
 produced excellent results.  We believe that the TSE transaction is an example
 of our experienced, customized approach to each transaction in which we are
 involved."
 
     About H.I.G. Capital
     H.I.G. Capital LLC is a leading private equity and venture capital
 investment firm with more than $1.5 Billion of equity capital under
 management.  Based in Miami, and with offices in Atlanta, Boston, and San
 Francisco, H.I.G. specializes in providing capital to small and medium-sized
 companies with attractive growth potential. H.I.G. invests in management-led
 buyouts and recapitalizations of profitable and well managed manufacturing or
 service businesses, and in promising early-stage technology companies.  H.I.G.
 also has extensive experience with financial restructurings and operational
 turnarounds.  Since its founding, H.I.G. has completed in excess of 70
 transactions.  The firm currently has a significant stake in more than 40
 companies with combined revenues in excess of $5 Billion.  For more
 information, please refer to the H.I.G. website at http://www.higcapital.com .
 
     About Total Safety
     Total Safety provides outsourced safety services to some of the world's
 largest industrial and energy companies through product offerings such as gas
 detection and respiratory equipment services, fire protection and engineering
 systems design, safety consulting and training, and safety equipment rental
 and sales. Its long term relationships include leading energy and industrial
 companies known throughout the world.  For more information, please refer to
 their updated website at http://www.totalsafety.com .
 
     About Argus Group
     The Argus Group is a family of companies providing comprehensive safety,
 industrial hygiene and environmental monitoring products and services
 specifically designed to help companies reduce worker injuries, control costs
 and increase profitability.  The Argus Group is proud to be celebrating over
 50 years of serving the safety industry, and is headquartered in Chesterfield,
 Michigan.  For more information, please visit the Argus website at
 http://www.argus-group.com or call (586) 840-3200.
 
     About Farlie Turner
     Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a
 broker-dealer registered with the NASD, provide merger and acquisition,
 private placement, and financial advisory services to middle market companies.
 For more information, please visit the Farlie Turner website at
 http://www.farlieturner.com or call 954-358-3800.
 
 

SOURCE Farlie, Turner & Co., LLC

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