RED WING, Minn. — Capital Safety announced its acquisition by the investment firm KKR. KKR has signed an agreement to pay $1.12 billion for the company to Arle Capital Partners, which had owned the company since mid-2007. The transfer is scheduled for Jan. 2012, subject to mandatory regulatory approvals.
Capital Safety manufacturers fall protection equipment under the DBI-SALA™, UNILINE® and PROTECTA® brands. Under its previous owner throughout the past four and a half years, Capital Safety doubled its revenues through a commitment to aggressive research and development, which led to the launch of products such as ExoFit NEX™ and i-Safe™ RFID equipment management system, enhanced its global supply chain and expanded into emerging markets for fall protection equipment. It also successfully executed five strategic acquisitions in Australia, Columbia, France and the U.K. to broaden its offerings for customers worldwide.