HOUSTON, Jan. 17, 2017 /PRNewswire/ -- The Sterling Group, a private equity firm based in Houston, Texas, announced that its portfolio company, Safe Fleet, has completed the acquisition of Randall Manufacturing LLC ("Randall"). This marks Safe Fleet's eighth acquisition during Sterling's ownership. Safe Fleet is a leading supplier of safety components for fleet vehicles.
Based in suburban Chicago, Illinois, Randall is a leading manufacturer of specialized safety products used mainly in refrigerated semi-trailers in connection with the transportation of food and beverages. "Randall is an excellent addition to Safe Fleet's portfolio. Through innovation and consistent execution, Randall has developed a high level of brand equity and trust with their customers and end-users," stated John Knox, CEO of Safe Fleet. "The Randall brand and product line strongly complements Safe Fleet's truck and trailer offerings. We are delighted to welcome Fred Jevaney and the Randall organization to Safe Fleet."
Safe Fleet provides a wide variety of safety-and productivity-oriented components to bus, rail, RV, truck and trailer, work truck, emergency, waste, industrial and military end markets. "The addition of the Randall team and product will further Safe Fleet's ability to offer a full line of safety solutions to our wide range of fleet customers," said Brian Henry, a Partner at The Sterling Group.
Safe Fleet has more than doubled in size during its partnership with Sterling and will continue to pursue both organic and acquisition related growth.
About Safe Fleet
Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety solutions to fleet vehicle manufacturers and operators around the world. These brands serve several major markets including: Bus, Rail and RV, Truck and Trailer, Work Truck, Emergency, Waste, and Industrial and Military. Within Truck and Trailer, the ROM and Bustin brands provide a variety of access and safety products specific to over the road semi-trailers, including refrigerated semi-trailers. With over 1,100 employees and 10 manufacturing locations, Safe Fleet targets markets with increasing demand for operator, passenger, and pedestrian safety. For more information about Safe Fleet and our portfolio of brands please visit www.safefleet.net.
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 $750 million. Sterling has sponsored the buyout of 50 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.2 billion of assets under management. For further information please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
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SOURCE Safe Fleet