PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


ThyssenKrupp Sells Safway

Thursday, December 17, 2009

Comment | More

ThyssenKrupp Safway, which provides scaffold products and services throughout the U.S. and Canada, announced on December 17 that its parent company, ThyssenKrupp AG, has sold Safway and its Canadian subsidiary to Odyssey Investment Partners, LLC (Odyssey), a U.S. private equity firm. The sale was completed December 16.

After officially being named ThyssenKrupp Safway for nearly three years, the company is returning to its former name, Safway Services. “Our Safway brand is strong and synonymous with scaffolding and will continue to be recognized as the industry standard. We are returning to our familiar brand name and have given our Safway logo an updated look,” said Safway’s President and Chief Executive Officer Marc Wilson.

Founded in 1936, Safway Services has its headquarters in Waukesha, WI. The U.S. entity has changed its name to Safway Services, LLC and its Canadian subsidiary becomes known as Safway Services Canada, Inc.

Douglas Rotatori, a Managing Principal of Odyssey Investment Partners, said, “Odyssey has an extensive history of building businesses in the equipment rental and industrial services industries. Safway is a leader in the access services sector that has performed exceptionally well and its prospects as an independent company are very attractive. We are proud to partner with the Safway management team to enhance the company's growth prospects and long-term value."

Wilson will continue to serve as CEO, and the Safway management team will remain in their current positions under Odyssey’s ownership.

Wilson said, “Odyssey is an excellent partner for Safway given its significant experience investing in businesses similar to ours on a global basis. We are optimistic that this new relationship will create attractive opportunities for our customers and employees as we grow in our markets.”

   

Tagged categories: Acquisitions; Mergers; Safway; ThyssenKrupp

Comment Join the Conversation:

Sign in to our community to add your comments.

SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


HoldTight Solutions Inc.
NO FLASH RUST -
NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rust preventer prevents flash
rust by removing surface contaminants. It has no equal; only wannabees.
Contact us for your
nearest distributor.
(800) 319.8802 sales@holdtight.com


Sidewinder/Persyst Enterprises, Inc.
The Sidewinder Model M2 Solvent Recycler

Combat the rising cost of gunwash, thinners, acetone & more while drastically reducing waste disposal coat.


Midsun Specialty Products
Stopaq 30+ Year Coatings

Use Stopaq corrosion prevention coatings on pipelines, field joints, tank chimes, structural steel and more. Learn more at www.midsunsp.com/stopaq


Graco Inc.
Graco M680 Mortar Pump

Compact and portable. Great for concrete resurfacing and repairs. Handles mortars, cementitious and filled materials.
Call 877-844-7226 or info@graco.com.


Montipower, Inc.
The MBX Bristle Blaster

Get a 2.7 to 3.3 mil profile and a Near White Metal Clean. For info visit www.mbxit.com or call 877 629-8777


Fischer Technology Inc.
MP0R with rotating display screen

Automatic rotating display screen just like your smart phone. Click for Video
Call 800-243-8417


Novatek Corporation
Dustless Coatings Removal

Strip it, clean it, and profile it,
all dust free! High production
rates and Blast like finishes.
Comply with new lead
standards.


Industrial Vacuum Equipment Corp.
Hurricane Vacuums
& Dust Collectors

Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com