BB&T Capital Markets Serves as the Exclusive Financial Advisor to Safety Products Group in its Sale to Tractel
On June 17, 2016, Safety Products Group LLC (“SPG” or the “Company”), a portfolio company of Gemini Investors, TMW Enterprises, and Akoya Capital, was acquired by Tractel S.A.S. (“Tractel”), a portfolio company of Cinven. BB&T Capital Markets served as the exclusive financial advisor to SPG.
About the Companies
Headquartered in Chaska, Minnesota, SPG is a leading player in the passive fall protection market, a growing segment of the $55 billion workplace safety industry. SPG offers a full line of OSHA-compliant, non-penetrating rooftop guardrail systems, safety gates, and around-the-gate solutions to over 2,600 distributor, installer, and end user customers in industrial, commercial, and municipal facilities. The Company designs and manufactures a broad range of products through its BlueWater and FabEnCo brands.
Gemini Investors is a Wellesley, Massachusetts-based private investment firm focused on providing capital to established, smaller middle market businesses, operating in nearly all industry sectors, with revenues between $5 and $50 million. Gemini has invested over $550 million in more than 125 companies since its inception.
TMW Enterprises is a Troy, Michigan-based boutique investment company actively managing assets in private equity, marketable securities, real estate, and philanthropy. TMW Enterprises’ private equity activities have deep roots and experiences in industrial entrepreneurship.
Akoya Capital is a Chicago, Illinois-based private equity firm that creates and nurtures partnerships between management and capital. Akoya Capital develops and executes industry sector acquisition strategies that deliver significant, measurable value for management, partners, and shareholders.
Headquartered in Luxemburg, Tractel is a leading, international designer and manufacturer of lifting and handling material, load measurement devices, temporary and permanent access solutions, and anti‐fall safety equipment. With companies incorporated in North America, Europe, Central- South-America and Asia, Tractel sell its products through a network of distributors and end-users in industry and construction.
Cinven is a leading European private equity firm, founded in 1977, with offices in Guernsey, London, Frankfurt, Paris, Madrid, Milan, Luxembourg, Hong Kong and New York. Funds managed by Cinven acquire Europe-based companies that require an equity investment of €100 million or more. While primarily focusing on Europe, Cinven’s Portfolio team helps its European portfolio companies take advantage of international best practices and growth in global markets, particularly in emerging economies, including those in Asia and the Americas. Cinven focuses on six sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials, and Technology, Media and Telecommunications (TMT).
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.