07.08.2014

Evergreen acquires SafeWorks

Washington state based private equity fund Evergreen Pacific Partners has acquired Seattle-based SafeWorks from Wynnchurch Capital.

SafeWorks is the parent of Spider, the suspended platform supplier and Power Climber which manufactures winches/hoist motors for suspended platforms. SafeWorks' chief executive Scott Farrell will continue to manage the company.

SafeWorks was established in 1997 as a holding company for the Spider and Power Climber businesses, it was acquired by Wynchurch Capital in 2006 See power Climber parent sold. It claims to be the market leader in the United States and the second largest suspended platform company in Europe. It sells and rents its platforms through 24 company owned stores in the Americas and sells the Power Climber products through network of over 150 dealers. The company also trades as Power Climber Wind supplying specialised suspended platforms to wind turbine manufacturers, service companies and wind farm owners.

T.J. McGill, co-founder and managing partner of Evergreen said: "SafeWorks is a company with a solid leadership position in end markets that are experiencing global growth. With its seasoned management team, strong network of distribution partners and demonstrated ability to innovate and deliver new products, SafeWorks is poised for continued strong growth in the U.S., Europe and the rest of the world."

Farrell added: "With this investment from Evergreen we are ready to reach new heights in our company's growth. We will continue to invest in new technologies and products to better serve the needs of our existing customers and partners, while looking forward to advancing aerial access and safety solutions that raise the bar for the entire industry."