SLIPNOT, a portfolio company of Victor Capital Partners and a provider of slip-resistant surfaces, has acquired Amstep Products.
Amstep specializes in standard stair treads and nosings (the front of the tread which protrudes beyond the riser) that use an epoxy coating to prevent skidding and reduce slips and falls. The company’s products are often used in the healthcare, commercial, retail, municipal, and marine sectors.
SLIPNOT is a provider of specialized safety flooring products and surface technologies for walkways, entryways, stairs, rails, and ladders. The company’s products and technologies incorporate the company’s patented, anti-slip surface designs which are bonded to its steel, stainless steel and aluminum bases. The acquisition of Amstep expands SLIPNOT’s portfolio of slip-resistant products for staircases. Amstep, led by President Patrick Sullivan, was founded in 1911 and is headquartered in Bristol, Connecticut.
“We are pleased to join SLIPNOT, an incredibly strong brand recognized for its leading slip-resistant products and technologies,” said Mr. Sullivan. “Together, we are committed to supporting Amstep’s existing customers across the U.S. as well as new customers who require an even broader range of stair-related solutions.”
According to SLIPNOT, once its products are installed, over 90% of slips and falls can be avoided. The sectors served by SLIPNOT include aerospace, commercial, education, food and beverage, government, infrastructure, manufacturing, metal and mining, oil and gas, pulp and paper, recreation and utilities. SLIPNOT is led by CEO Bill Davidson and is headquartered in Detroit.
“We are thrilled to welcome the Amstep team to SLIPNOT,” said Mr. Davidson. “We were attracted to Amstep for many reasons – the strength of the brand, the quality people, our shared values, and potential for customer-driven innovation. Together, we can provide both a value and premium stair safety offering for an even broader range of customers, ensuring that more people avoid slip and fall hazards on staircases.”
Victor Capital acquired SLIPNOT in December 2020 in partnership with industry executive Larry Wash, Allstate Investments, senior management, and members of the Molnar family which have owned SLIPNOT since its founding in 1987.
“Our partnership with Victor Capital Partners offers strategic resources and firepower to complete synergistic acquisitions like Amstep,” added Mr. Davidson. “We will continue to identify additional privately-owned businesses that can benefit from joining us to add even greater value to our customers.”
Victor Capital invests in middle-market companies that have at least $20 million in revenues and are active in industrial manufacturing, technologies, and services; specialty consumer products and services; and business services. The firm was founded in September 2015 by Douglas Korn and is headquartered in New York City with additional offices in Boca Raton and Baltimore.
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