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Alternative Assets  + Direct Investment  + Latest News  + M&As  + Private Equity  | 
Riverside Unloads Safety Equity Business SureWerx to Private Markets Firm Partners Group

Riverside Unloads Safety Equity Business SureWerx to Private Markets Firm Partners Group

Chicago- and Vancouver-based safety products manufacturer SureWerx has been sold to global private markets firm Partners Group by The Riverside Company.

Financial terms of the deal were not disclosed, although Bloomberg reported the deal values SureWerx at about $870 million, including debt.

Riverside bought the company from Penfund in 2018 for an undisclosed amount and backed management to make acquisitions that have included Oberon Co. and Footwear Specialties International.

The company is a global supplier of personal protective equipment, safety gear and tool solutions, and markets its safety products under multiple brands including Jackson Safety.

SureWerx said the deal is an opportunity for Partners Group to “further accelerate” SureWerx’s growth by adding new products and service to an already established network of distributors and end-users.

“We are extremely excited to team up with Partners Group,” said Chris Baby, CEO of SureWerx. “With the support of Riverside, our team has worked diligently over the past four years to build an outstanding platform for growth, and we are grateful for the unwavering support they have given us.”

Partners Group is heavily focused on investments in private equity, private real estate, private debt and private infrastructure.

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Inside The Story

Partners GroupSureWerx

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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