Gryphon Investors Acquires Safety Management Group
Establishes New Platform for Outsourced Safety Services
In a significant move, Gryphon Investors, a prominent middle-market private equity firm, has acquired Safety Management Group (SMG), a leader in outsourced safety services. This acquisition marks a strategic step towards expanding Gryphon's portfolio in the safety services sector. The financial terms of the transaction remain undisclosed.
Founded in 1991 and based in Indianapolis, SMG specializes in safety, compliance, and risk management. With its reputation for integrated consulting and technology solutions, SMG delivers tailor-made safety programs for major industries, including pharmaceuticals, utilities, and manufacturing. Randy Gieseking, CEO of SMG, alongside the management team, will continue with the company while retaining a significant ownership stake. Mr. Gieseking commented on the acquisition, expressing confidence that Gryphon's extensive experience in similar sectors will help SMG capitalize on both organic growth and potential M&A opportunities.
Jeff Pembroke, an Operating Partner and Co-Head at Gryphon's Heritage Group, highlighted the partnership with SMG, stating that it represents an opportunity to enhance the business further and position it as a market leader. He emphasized that Gryphon's proactive approach reflects the increasing importance of safety across various sectors, aligning with the company's mission to foster a culture of safety and compliance.
Tim Bradley, Gryphon Deal Partner, further elaborated on the future prospects for SMG. He indicated that there are substantial opportunities for scaling the business, including increasing geographic presence and enhancing service offerings. His insights reflect a deep admiration for SMG's longstanding relationship with clients and the talented workforce that sets the company apart in the marketplace.
SMG remains dedicated to expanding its footprint by seeking partnerships with organizations that align with its mission to provide top-tier outsourced safety services. This commitment to innovation positions SMG as a leader ready to tackle the evolving demands of the industry and deliver exceptional value to its clients.
Gryphon was supported in this transaction by Houlihan Lokey as financial advisors and Kirkland & Ellis as legal counsel. SMG's exclusive financial advisor was Stifel, with Greenberg Traurig, LLP providing legal services to the company.
About Safety Management Group
Safety Management Group offers a comprehensive suite of Environmental, Health, and Safety (EH&S) services. These include in-depth assessments, strategic program development, on-site leadership, training, and supplier management. Notably, SMG utilizes its proprietary SaaS platform, VERO, which enhances compliance and facilitates contractor pre-qualification, promoting consistent safety practices across client operations.
About Gryphon Investors
Gryphon Investors is known for focusing on middle-market companies with a competitive advantage across various sectors, including Business Services, Consumer, and Healthcare. With over $10 billion in assets under management, Gryphon creates lasting value by building strong partnerships with company leaders to accelerate growth and innovation.
For further inquiries, please contact:
Caroline Luz
Phone: 203-570-6462
or
Jennifer Hurson
Phone: 845-507-0571
Frequently Asked Questions
What does the acquisition of SMG mean for Gryphon Investors?
The acquisition allows Gryphon Investors to enhance its service offerings in the safety sector, positioning SMG for growth and innovation.
How does SMG distinguish itself in the safety services market?
SMG differentiates itself through integrated consulting, on-site execution, and advanced technology solutions designed to meet diverse industry needs.
What is Gryphon Investors' approach to investments?
Gryphon focuses on establishing partnerships with business leaders to drive growth, emphasizing sustainable strategies and operational excellence.
What are the future plans for SMG?
SMG aims to expand its geographic reach and continue developing its service offerings to provide innovative solutions in the safety industry.
Who were the advisors in the acquisition process?
Gryphon received guidance from Houlihan Lokey and Kirkland & Ellis, while Stifel acted as SMG's financial advisor with counsel from Greenberg Traurig, LLP.
