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New Deal


Announced

Oak Hill-backed Safe Fleet to acquire Kerr Industries.

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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specialty vehicle upfitter

Auto Services

Friendly

Majority

United States

police vehicle upfitter

Private Equity

Single Bidder

Acquisition

Pending

Private

Domestic

Synopsis

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Oak Hill-backed Safe Fleet, a supplier of safety solutions for fleet vehicles, agreed to acquire Kerr Industries, a specialty vehicle upfitter. Financial terms were not disclosed. "Kerr and Crown are a great fit with Safe Fleet’s Law Enforcement portfolio, adding upfitting expertise in this key market. Their deep relationships with some of the largest law enforcement agencies, OEMs and parts manufacturers, founded on a steadfast focus on the customer experience, have made them the go-to vehicle upfitter for law enforcement," John R. Knox, Safe Fleet Chairman and CEO.

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