Total Safety Supplies & Solutions Enters Next Phase of Growth as a Standalone Platform Business Under Mill Point Capital’s Ownership
Mill Point Capital LLC ("Mill Point") is pleased to announce the acquisition of Total Safety Supplies & Solutions, Inc. ("S&S" or the "Company"), a leading distributor of industrial maintenance, repair, and operations (“MRO”) products including safety, and personal protective equipment ("PPE"). The acquisition of S&S, a division of Total Safety U.S., Inc. (“Total Safety”), represents Mill Point’s 20th corporate carve-out and underscores Mill Point’s expertise and advanced capabilities with complex transaction structures.
S&S is a value-add distributor serving large end users and contractors across the utility, transportation, and downstream sectors. S&S consistently meets the demanding needs and complexities associated with these highly regulated sectors across its national network, distributing more than 65,000 mission-critical products. Many of the Company's customer relationships span multiple decades, reflecting S&S’s commitment to a best-in-class customer experience through its operational integration into customers' indirect supply chains and its network of more than 900 vendor managed inventory solutions.
Mill Point’s Executive Partners, John Posey and Jim Murphy, will play key roles in the Company’s evolution by supporting its go-to-market strategy, enhancing operational execution and driving strategic growth. Together with the Executive Partners, S&S’s management and Mill Point’s investment team will seek to deepen the Company’s presence with existing customers, add new customers, expand its geographic footprint and further develop its omnichannel platform, among other value creation initiatives.
"The entire S&S organization and I are excited to embark on the newest chapter of the S&S journey with Mill Point. The Mill Point team continues to distinguish themselves through their ability to provide thoughtful and strategic insights, demonstrate knowledge of product distribution and the end markets we serve, and commit the necessary investments to support the execution of S&S’s value creation initiatives. We look forward to a productive and successful future," said Sean Nacey, Chief Executive Officer of S&S.
"S&S has built an outstanding reputation among its customers, with multi-decade relationships validating the strength of their brand and service proposition. Sean and the S&S team embody the talent and vision necessary to continue the successful trajectory of the Company. We are delighted to support them and accelerate the Company’s growth opportunities," commented Michael Duran, Founder and Managing Partner of Mill Point. "As our 20th corporate carve-out, Mill Point is confident in our abilities to execute a complex transaction structure while maintaining the highest level of quality and service to all of S&S’s stakeholders."
Baird and Moelis & Company LLC served as financial advisors to Mill Point. McDermott Will & Schulte LLP served as legal counsel to Mill Point.
About Total Safety Supplies & Solutions (S&S)
Founded in 1983 in Fairfield, California, Total Safety Supplies & Solutions is a leading distributor of industrial safety, personal protective equipment, and MRO products to blue-chip customers across the utility, transportation, refining and industrial services sectors. The Company operates 13 distribution centers and a portfolio of technology-enabled procurement services, including a network of more than 850 customer-site vending machines. S&S is headquartered in Fairfield, CA. For more information, please visit https://www.totalsafety.com/supplies-and-solutions.
About Mill Point Capital LLC
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the Business Services, Industrials and IT Services sectors throughout North America. Mill Point's experienced team of investment professionals and Executive Partners seeks portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.
About Total Safety
Total Safety is a global leader in industrial safety solutions. Headquartered in Houston, Texas, the company delivers a fully integrated suite of services including gas detection, respiratory protection, fire protection, confined space monitoring, specialized safety personnel, medical management, and EHS compliance. The company’s services are designed to protect workers, ensure regulatory compliance, and support safe, efficient operations. To learn more about Total Safety, please visit www.totalsafety.com.
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Contacts
Jiaeh Kim, info@millpoint.com, 212-416-5800