Charlotte, NC - Business Acquisition and Merger Associates ("BAMA") is pleased to announce the sale of TrenchSafety and Supply ("TrenchSafety") of Memphis, TN, to Underground Safety Equipment, LLC, a safety equipment rental company based out of Phoenix, AZ.
Howard Nute, President at Underground Safety Equipment, stated, "TrenchSafety presents us with an excellent opportunity to acquire a dynamic and profitable company, and expand our growing company into geographic areas adjacent to our current service areas. TrenchSafety's people are exceptional, making the company what it is today."
"This is a natural, positive, and evolutionary step for TrenchSafety. We are delighted that an organization the caliber of Underground Safety sees our staff and company as important to their growth. The future is bright for TrenchSafety," expressed David Dow, TrenchSafety and Supply President and Co-founder, with his wife Melissa.
BAMA advised TrenchSafety on the transaction, which received a lot of attention in the market from both strategic and financial buyers. With many quality buyers pursuing TrenchSafety, Dow had a tough decision to make, but ultimately felt Underground Safety Equipment was the perfect fit.
Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.
TrenchSafety and Supply, Inc. is a leading equipment rental and safety training company headquartered in Memphis, TN with locations Nashville, TN and North Little Rock, AR. Founded by David and Melissa Dow in 1994 the company provides services and solutions that allow contractors and utilities to work safer, more productively, and more profitably. TrenchSafety specializes in above and below ground products, including shoring & shielding, road plate, pipe plugs, lasers and other ancillary safety products.
Underground Safety Equipment, LLC is a regional equipment rental company offering a complete line of safety equipment used by contractors and municipalities to work safely in the trenches. Founded by Howard and Chris Nute, Underground Safety Equipment's products include shoring & shielding, road plate, slide rail systems, bedding boxes, pipe plugs and confined space equipment. The company has locations in Tempe, AZ, Lafayette, CO, Kansas City, MO, Salt Lake City, UT, and San Antonio, TX.