Safe Fleet Holdings has announced that it will be acquired by Oak Hill Capital Partners. Under the terms of the agreement, Oak Hill will acquire the company from its current owner, The Sterling Group.
Safe Fleet owns a portfolio of brands that provide safety and productivity solutions to fleet vehicle manufacturers that also include the RV industry.
“We have tremendous respect for what Safe Fleet has accomplished. The company has built a unique and growing portfolio of market-leading safety and productivity solutions,” said Brian Cherry, a partner at Oak Hill. “We are excited to partner with Safe Fleet to support the company through its next phase of development, as it continues to grow both organically and through strategic acquisitions.”
“Safe Fleet represents an exceptional opportunity to invest in a leader in specialized, niche markets supported by attractive secular tailwinds,” said John Rachwalski, a partner at Oak Hill. “We are delighted to work with the company’s talented management team to continue to build the Safe Fleet platform.”
“We believe our new partnership with Oak Hill, a firm that shares our culture of collaborative engagement and continuous improvement, will even further accelerate Safe Fleet’s growth trajectory as a highly differentiated safety and productivity solutions platform,” John Knox, president and CEO of Safe Fleet.
The transaction is expected to close in the first quarter of 2018 and represents the seventh investment in the Oak Hill Capital Partners IV portfolio.
