Brand Energy & Infrastructure Services — a portfolio company of Clayton, Dubilier & Rice (CD&R) — and Safway® Group, owned by Odyssey Investment Partners, have agreed to combine, creating an integrated industrial and commercial services company with broader capabilities and innovative solutions for customers globally. CD&R will be the controlling shareholder of the combined company. Odyssey, which acquired Safway in 2009, will exit its investment. The terms of the transaction were not disclosed.
At closing, which is expected to occur in Q3 2017, the combined business will have annual sales of approximately $5 billion. The combination brings together the complementary strengths of both companies, including experienced, skilled and dedicated employees; a safety-first mentality; broad service distribution; innovation; operational excellence; and a deep commitment to exceptional customer service.
The companies will continue to operate independently until the transaction closes. An integration planning team comprising members from both Brand and Safway will be established to ensure the company hits the ground running when the transaction closes.
For more information, visit www. beis.com or www.safwaygroup.com.