Total Safety has acquired the assets of Wholesale Radio Rental, a provider of portable communication devices for use in the petroleum, oil and gas, and petrochemical industries.
Based in Houston, Total Safety is a leading provider of integrated safety strategies and the products necessary to support them — on-site safety services, turnaround safety support, gas detection, respiratory services, rescue services, safety training, fire services and engineered system design. Total Safety operates from 65 locations in 10 countries to ensure the safe Wellbeing of Workers Worldwide (W3).
“We are very pleased about the management team and skilled employees of Wholesale Radio Rental joining Total Safety. The addition of Wholesale’s team and assets allows us to expand on an existing service line and more strategically and effectively provide safety and communication solutions to industry,” said David E. Fanta, president and CEO, Total Safety.
For more than 15 years, Wholesale Radio Rental has provided intrinsically safe portable communication systems to a wide variety of industries concentrating primarily in the energy sector. Applications include maintenance shutdowns, turnaround services and unit start-ups. Wholesale Radio Rental has four locations — Houston; Sulphur and Baton Rouge, La.; and Benicia, Calif.
“Total Safety is the perfect partner for us,” said Jimmy Foret, owner of Wholesale Radio Rental. “Their commitment to safety and customer service is something we wholeheartedly believe in, and being part of such a dynamic team is something we look forward to. This will be a benefit to our customers and employees.”
IVS Investment Banking was the exclusive advisor to Wholesale Radio Rental.
“I chose to engage IVS Investment Banking because they are so familiar with the lower-middle industrial market and they have a good track record of closing deals,” said Foret. “I was pleased. In a tough financial market, the IVS Investment Banking team used their creative powers and available tools to work to maximize my after-tax proceeds.”
For more information on Wholesale Radio Rental, call (337) 304-3147 or visitwww.wholesaleradiorental.com.
For more information on Total Safety, call (281) 231-6578 or visit www.totalsafety.com.
If you are interested in selling, investing in or buying companies in the industrial and energy services sectors, please contact Thomas Brinsko at IVS Investment Banking at (281) 538-9996, e-mail tbrinsko@bicalliance.com or visit www.ivsinvestmentbanking.com.
