Completed Transactions > Industrials > Safety Source Incorporated acquired by Ritz Safety

Safety Source Incorporated acquired by Ritz Safety

Safety Source Incorporated

Date

Jul 2015

Region

Alabama

Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Safety Source, Inc., based in Theodore, Alabama, by Ritz Safety, LLC, with corporate offices in Dayton, Ohio and with sales and distribution centers in Florida, Indiana, Nevada, and Texas. The acquisition was effective July 1, 2015. Established in 1995, Safety Source, Inc. is a best-in-class industrial safety equipment and supply distributor who have distinguished themselves as Safety Specialists based upon their in-depth knowledge of occupational hazards, proper equipment, uses and applications needed to protect their customers' workforce. They are a full service center for safety equipment sales, rentals, repairs, training, and technical information. To learn more, visit www.safetysourceinc.com. Managing Director Don Sawyer and his team, including affiliate Sam Sumner and Vice President Rebecca Gruman, led the Generational Equity deal team that advised Safety Source, Inc. on the transaction. Sam Sumner stated, "Chemistry was a very important issue for the Safety Source, Inc. shareholders, and the chemistry in this transaction produced an outstanding combination." Since 1983, Ritz Safety, LLC, has provided safety solutions and serviced the safety and personal protective equipment (PPE) needs of businesses and industries of all types, including construction, waste and recycling, manufacturing, agriculture, hospitality, and emergency services. Ritz Safety, LLC is recognized as a leader in safety products, and training innovation, with six sales and distribution centers that service over 5,000 customers monthly, and stock over 25,000 safety products.

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