Houlihan Lokey Advises SureWerx
Houlihan Lokey is pleased to announce that SureWerx, a portfolio company of The Riverside Company, has been acquired by Partners Group.
Houlihan Lokey served as lead financial advisor to SureWerx and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction highlights Houlihan Lokey’s continued success advising market-leading suppliers and specialty distributors of technical safety and personal protective solutions across the industrial and commercial end markets.
Co-headquartered in Vancouver, B.C., and Chicago, Ilinois, SureWerx is a leading supplier of technical safety equipment and safety tools that help improve employee wellbeing, working conditions, and productivity. SureWerx owns 18 well-established safety brands across 27 product categories, including welding safety, head protection, safety footwear and traction aids, arc flash apparel, detectable warning equipment, and abrasive and cutting tools. The company serves diverse end markets, including infrastructure and utilities, manufacturing, transportation and logistics, and warehousing, where customers typically purchase multiple product categories and regularly replenish stock, generating strong recurring demand. SureWerx has around 350 employees across 12 distribution centers, with the majority of its sales in the U.S. and Canada. SureWerx is positioned to benefit from tailwinds in the safety equipment market, such as increasing regulatory requirements on worker safety, a proliferating culture of safety across industries and geographies, and new use-case scenarios for innovative safety equipment.
The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 850 investments. The firm’s international private equity and structured capital portfolios include more than 140 companies.
Partners Group is a leading global private markets firm. Since 1996, the firm has invested $185 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm employs more than 1,600 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore.
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