Safety Services Receives Equity Investment from Serent Capital
The amount of the transaction was not disclosed.
Founded by Devon Dickinson, Safety Services sells safety materials, training kits, and compliance solutions tailored to meet the safety and compliance requirements in industries such as construction, oil and gas, and healthcare.
The company has served over 200,000 businesses.
With the investment, Serent acquired a majority equity position from Dickinson, who retains a significant shareholding of the business and is continuing to support the company as an active board member. The new Board of Directors has Peter Schrady as CEO.
Serent is now looking for acquisitions for Safety Services with possible targets including providers of human resources compliance services or compliance services targeting specific markets such as healthcare or heavy industries.