Stone Point to acquire a majority stake in Safe-Guard from Goldman Sachs.

Stone Point Capital, a private equity firm, agreed to acquire a majority stake in Safe-Guard Products International, a provider of electrical equipment, from Goldman Sachs Merchant Banking Division. Financial terms were not disclosed. “Safe-Guard is in the unique position to welcome Stone Point Capital as a new investor with deep industry experience, while continuing our successful relationship with Goldman Sachs through its renewed investment. With continued development of people, product, technology, and our service infrastructure, we remain committed to delivering innovative solutions and value-added customer support to our strategic partners and customers,” Randy Barkowitz, Safe-Guard’s Chief Executive Officer.