Littlejohn & Co. has acquired a majority interest in Total Safety, a provider of safety and compliance products and services, from Warburg Pincus. Total Safety’s private equity heritage runs deep. The company was originally acquired by H.I.G. Capital in November 2003 and then sold to DLJ Merchant Banking Partners in December 2006. DLJ sold the business to Warburg Pincus in September 2011.
Total Safety’s products and services are used in a range of applications including gas detection, respiratory protection, safety training, fire protection, compliance and inspection, industrial hygiene, and onsite emergency medical treatment. Total Safety was formed December 1994, to serve the industrial safety needs of the oil and gas industry. Over the past decade, the company has transformed itself through internal growth and 25 acquisitions to become one of the leaders in the industry and today provides an array of industrial safety services in a variety of end markets. Total Safety operates from 150 locations in 21 countries and is headquartered in Houston (www.totalsafety.com).
Littlejohn makes control and non-control investments in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth. The firm invests from $50 million to $150 million of equity in middle market companies that have annual revenues of $100 million to $800 million. Littlejohn invests across a range of industries and acquires manufacturers, distributors, and service providers. The firm is currently investing from Littlejohn Fund V, LP, which has $2 billion in capital commitments. Littlejohn is based in Greenwich, CT (www.littlejohnllc.com).
Warburg Pincus has more than $40 billion in assets under management and has raised 15 private equity funds since its founding in 1966. In November 2015, the firm reached a final close of Warburg Pincus Private Equity XII, LP at the hard cap of $12 billion. Warburg Pincus is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore (www.warburgpincus.com).
© 2017 Private Equity Professional | March 14, 2017
