Global investment firm Kohlberg Kravis Roberts & Co. L.P. has agreed to acquire Capital Safety, a manufacturer of fall protection equipment, from Arle Capital Partners, for $1.12 billion.
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Capital Safety is a manufacturer of FPE solutions for workers at height.
Capital Safety's industry-leading products and solutions, which include harnesses, lanyards, self-retracting lifelines and engineered systems, are sold through the brands DBI-SALA, PROTECTA and UNILINE.
"We see attractive growth prospects for the safety equipment industry overall, but we believe fall protection is particularly attractive because of the segment's weighting towards energy and infrastructure and because of the potential for future growth due to further development of safety regulations, particularly in emerging markets, and increased compliance globally. As a market leader with a highly focused business model and outstanding relationships with both distributors and end-customers, Capital Safety is well positioned to capture the significant secular growth ahead of it," said Pete Stavros, a Director in KKR's Industrials group.
