Acquisition Expands Safway’s Portfolio
Already one of North America's largest suppliers of scaffolding and equipment, Safway Group Holding LLC has announced the acquisition of Seattle-based SafeWorks LLC, a global leader in motorized suspended access equipment.
Terms of the deal, announced Tuesday (Nov. 8), were not disclosed.
SafeWorks has a 70-year history in North America and Europe and is known for its Spider, Power Climber and Power Climber Wind branded products. The company has manufacturing facilities in the United States, South America and Europe, as well as 25 company branch locations in the Americas.
The deal includes SafeWorks' entire portfolio of suspended access brands, and marks Safway Group’s 14th such acquisition in six years.
With more than 100 locations in the U.S. and Canada and distributors across South America, Safway provides access, scaffolding, insulation, fireproofing, surface preparation and coatings products and services to the petrochemical, oil and gas, power, refining, marine, manufacturing, transportation and commercial construction industries worldwide.
The company says its strategy is to expand service offers in its target markets—energy and industrial (refineries, petrochemical, power and infrastructure) as well as commercial restoration, refurbishment and new construction.
“This acquisition further supports our strategy,” said Safway Group President and CEO Bill Hayes. “Through Safway’s branch network, the number of locations servicing Spider will essentially double, and SafeWorks will now be able to offer a broader range of products and services with immediate, local access to the largest inventory of scaffolding equipment and expertise in North America.”
Founded in 1936, the Safway Group's companies include Redi Insulation; CL Coatings; Industrial Coatings & Fireproofing; Safway Atlantic; Safway Services; and Safway Services Canada.