Crossbridge Compliance, a portfolio company of Pine Tree Equity, has acquired C&R Compliance. This is the first add-on acquisition completed by Crossbridge Compliance since being acquired by Pine Tree in November 2014.
C&R is a regional provider of safety and training services required to meet safety regulations in the manufacturing and pulp and paper industries. The company was founded in 2007 and is headquartered northwest of Atlanta in Rome, GA (www.crcompliance.com).
Crossbridge Compliance is a provider of safety and training services such as auditing, consulting, and inspection that are required to meet safety regulations in the oil and gas pipeline and railcar industries. The company is headquartered east of Dallas in Longview, TX (www.crossbridgecompliance.com).
Pine Tree Equity invests in companies with revenues of $10 million to $50 million and EBITDAs of $2 million to $6 million. Sectors of interest include business, consumer and financial services; consumer products; franchisors and franchisees; and niche manufacturing. The firm is based in Miami (www.pinetreeequity.com).
Pine Tree intends to continue pursuing add-on acquisitions of competitive and complementary safety and training businesses.
C&R marks Pine Tree Equity’s 9th investment in the industrial services industry and 28th investment since the firm was founded in 2007.
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-9-15