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New Deal


Announced

Oak Hill-backed Safe Fleet to acquire Labcraft.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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led lighting

Private

Friendly

Majority

Pending

Single Bidder

Cross Border

Private Equity

electrical equipment

Acquisition

Electronic Equipment: Other

United Kingdom

Synopsis

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Oak Hill-backed Safe Fleet, a manufacturer of electric tarp systems, tarps, gear motor technology and automated power solutions, agreed to acquire Labcraft, a manufacturer of low voltage LED lighting. Financial terms were not disclosed. “Labcraft is a great addition to the Safe Fleet family. Their drive to design innovative lighting solutions to improve safety and efficiency aligns with our mission to make fleets smarter and people safer. Safe Fleet is committed to offering fleet customers and operators, wherever they are, an advanced range of smart safety solutions," Michael Schulte, Safe Fleet President.

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