09.11.2016

Safway acquires SafeWorks

The Wisconsin based scaffolding, access and industrial services group Safway has acquired Seattle Washington based suspended platform specialist SafeWorks from private equity firm Evergreen Pacific Partners.

SafeWorks rents and manufactures swing state/suspended scaffolding under its own brand and that it Spider, and Power Climber. No details of the transaction have been released at this point.

This is the 14th acquisition by Safway in the past six years as part of its strategy to expand its target markets of energy, industrial and commercial restoration, refurbishment, as well as new construction.

Safway chief executive Bill Hayes said: “With a terrific management team, highly specialised, market-recognised expertise, and outstanding technical, engineering and manufacturing capabilities, SafeWorks will significantly expand our product and solutions offerings in important and diverse markets.”

“The combination of Safway and SafeWorks is extremely compelling. Through Safway’s branch network, the number of locations servicing Spider will essentially double, and SafeWorks will now be able to offer a broader range of products and services to their customers with immediate, local access to the largest inventory of scaffolding equipment and expertise in North America. This acquisition further supports our strategy of bringing additional services and more value to our customers with SafeWorks’ premium branded motorised suspended access products, technical support, highly specialised engineering, and manufacturing capabilities.”

“SafeWorks also provides us with the framework for ‘global seed planting’ and additional market diversification, given their worldwide network of sites and attractive position in the growing domestic and international wind/renewable energy industry.”

SafeWorks chief executive Scott Farrell added: “Joining Safway will provide our businesses, brands and employees with the resources and flexibility to continue to thrive and grow.”