Safe Fleet and American Van Equipment Acquisition Closing

May 23, 2018 – Safe Fleet, a leading global provider of safety and productivity solutions for fleet vehicles, is pleased to announce it has closed on its previously announced acquisition of American Van Equipment (“American Van”).

American Van is a leading manufacturer and distributor of van and truck shelving, storage systems, and accessories, producing high quality interior and exterior components that help improve worker productivity and vehicle safety. Based out of Lakewood, NJ, American Van services a wide variety of contractors and fleets directly through its comprehensive online presence, catalog distribution (with over 2.5 million copies mailed quarterly), and three showroom facilities.

With the addition of American Van, Safe Fleet Work Truck now offers a comprehensive service and product portfolio of interior, exterior, video, lighting and technology solutions serving contractors, commercial fleets, fleet management companies and OEMs across
a variety of vehicle classes.

Financial terms of the transaction were not disclosed. Current management of American Van will continue with the business going forward and operate within Safe Fleet Work Truck.

Safe Fleet to Acquire American Van Equipment

Expands Safe Fleet product portfolio and positions Work Truck division as a solutions provider to the Work Truck Industry.

Belton, MO – May 11, 2018 – Safe Fleet, a leading global provider of safety and productivity solutions for fleet vehicles, is pleased to announce it has entered into a definitive agreement to acquire American Van Equipment (“American Van”).

American Van is a leading manufacturer and distributor of van and truck shelving, storage systems, and accessories, producing high quality interior and exterior components that help improve worker productivity and vehicle safety.  Based out of Lakewood, NJ, American Van services a wide variety of contractors and fleets directly through its comprehensive online presence, catalog distribution (with over 2.5 million copies mailed quarterly), and three showroom facilities.

“We are ecstatic about the addition of American Van to Safe Fleet Work Truck,” said John Knox, Chairman, President & CEO, Safe Fleet.  “The product fit, customer reach, and upfitter capabilities American Van brings to Safe Fleet Work Truck are game-changing. The acquisition will solidify Safe Fleet’s position within the Work Truck industry as the preeminent provider of safety and productivity solutions.”

“Joining Safe Fleet is a tremendous growth opportunity for the American Van family of products and employees,” said Chuck Richter, President, American Van.  “Partnering with Safe Fleet will provide American Van the ability to enhance the legacy of our brand and enable growth to better serve contractors, business and fleet owners throughout North America.”  Current management of American Van will continue with the business going forward and operate within Safe Fleet Work Truck.

“The addition of American Van into Safe Fleet Work Truck exemplifies another step in Safe Fleet’s journey in building out the leading safety and productivity company for fleet vehicles across a variety of end-markets with leading brands and products,” stated John Knox. “With Prime Design and American Van, we have joined together two iconic brands to provide a complete range of solutions to address both the exterior and interior needs of truck and van upfit customers.”

About Safe Fleet

Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety and productivity solutions to fleet vehicle manufacturers and operators around the world. These brands serve several major markets including: Bus, Rail, RV, Truck & Trailer, Work Truck, Law Enforcement, Emergency, Waste, Industrial, and Military. Safe Fleet’s Work Truck business unit delivers safety and productivity solutions, such as ergonomic ladder racks, access platforms, and video and telematics applications, to the work truck industry from leading Safe Fleet brands such as Prime Design, Randall Manufacturing, ROM, FRC, Bustin, RVS Systems, and Seon. With over 1,300 employees and 11 manufacturing locations, Safe Fleet targets markets with increasing demand for operator, passenger, and pedestrian safety. For more information about Safe Fleet and its portfolio of brands, please visit www.safefleet.net.  Safe Fleet is a portfolio company of Oak Hill Capital Partners.

About American Van Equipment

Headquartered in Lakewood, NJ, American Van Equipment began manufacturing and supplying local companies with ladder racks and van shelving in 1978.  American Van operates three showrooms, has a robust online presence at AmericanVan.com and mails millions of catalogs annually to contractors and business owners all across the United States, offering practical storage solutions for vans and trucks. Unlike most catalog/retailers, it also manufactures most of the products it sells.

About Oak Hill Capital Partners

Oak Hill is a private equity firm managing funds with more than $10 billion of capital commitments since inception from leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, insurance companies, financial institutions, consultants, and family offices.  Over the past 30 years, the professionals at Oak Hill and its predecessors have invested in over 85 significant private equity transactions across broad segments of the U.S. and global economies.  Oak Hill applies an industry-focused, theme-based approach to investing in the following sectors: Industrials; Consumer, Retail & Distribution; Media & Communications; and Services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. For more information, please visit www.oakhillcapital.com.

 

Oak Hill Capital Partners to Acquire Safe Fleet

Belton, MO – January 9, 2018 – Safe Fleet Holdings, LLC (“Safe Fleet” or “the Company”), the market-leading provider of safety and productivity solutions for fleet vehicles, announced today that it has entered into a definitive agreement to be acquired by Oak Hill Capital Partners (“Oak Hill”). Under the terms of the agreement, Oak Hill will acquire the Company from its current owner, The Sterling Group (“Sterling”).

“We have tremendous respect for what Safe Fleet has accomplished. The Company has built a unique and growing portfolio of market-leading safety and productivity solutions,” said Brian Cherry, a Partner at Oak Hill. “We are excited to partner with Safe Fleet to support the Company through its next phase of development, as it continues to grow both organically and through strategic acquisitions.”

John Rachwalski, a Partner at Oak Hill, added, “Safe Fleet represents an exceptional opportunity to invest in a leader in specialized, niche markets supported by attractive secular tailwinds. We are delighted to work with the Company’s talented management team to continue to build the Safe Fleet platform.”

“Sterling and a strong management team led by John Knox have transformed the business strategically, operationally, and commercially from two small component suppliers to a leader in safety solutions for fleet vehicles,” said Gary Rosenthal, a Partner at Sterling and Chairman of Safe Fleet’s Board of Directors. “The creation and sale of Safe Fleet, a business that didn’t exist before Sterling’s initial acquisitions, is a case study in how Sterling rapidly implements its improvement strategies to build winning businesses.”

“Sterling and the Safe Fleet team successfully executed our shared vision to create a leading safety solutions company serving an expanding group of fleet customers,” said John Knox, President and Chief Executive Officer of Safe Fleet. “We believe our new partnership with Oak Hill, a firm that shares our culture of collaborative engagement and continuous improvement, will even further accelerate Safe Fleet’s growth trajectory as a highly differentiated safety and productivity solutions platform.”

The transaction is expected to close in the first quarter of 2018 and represents the seventh investment in the Oak Hill Capital Partners IV portfolio.

UBS Investment Bank served as financial advisor to Oak Hill in connection with the transaction. Goldman Sachs Bank USA, UBS Securities LLC, and Morgan Stanley Senior Funding, Inc. have underwritten and will arrange first and second lien financing in connection with the transaction. Morgan Stanley & Co. LLC and Harris Williams & Co. served as financial advisors to Safe Fleet in connection with the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Oak Hill. Willkie Farr & Gallagher LLP is serving as legal counsel to Safe Fleet and Sterling.

About Safe Fleet

Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety and productivity solutions to fleet vehicle manufacturers and operators around the world. These brands serve several major markets including: Bus, Rail, RV, Truck & Trailer, Work Truck, Law Enforcement, Emergency, Waste, Industrial, and Military. With over 1,200 employees and 11 manufacturing locations, Safe Fleet targets markets with increasing demand for operator, passenger, and pedestrian safety. For more information about Safe Fleet and its portfolio of brands, please visit www.safefleet.net.

About Oak Hill Capital Partners

Oak Hill is a private equity firm managing funds with more than $10 billion of initial capital commitments since inception from leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, insurance companies, financial institutions, consultants, and family offices. Over the past 30 years, the professionals at Oak Hill and its predecessors have invested in over 85 significant private equity transactions across broad segments of the U.S. and global economies. Oak Hill applies an industry-focused, theme-based approach to investing in the following sectors: Industrials; Consumer, Retail & Distribution; Media & Communications; and Services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. For more information, please visit www.oakhillcapital.com.

About The Sterling Group

Founded in 1982, Sterling is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 52 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.2 billion of assets under management. For further information, please visit www.sterling-group.com.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements”, which relate to future events, the future performance, or financial condition of Safe Fleet following the acquisition of Safe Fleet by Oak Hill. These statements are not guarantees of future performance, condition, or results and involve a number of risks and uncertainties. Actual results and condition may differ materially from those in the forward-looking statements as a result of a number of factors.

Oak Hill Capital Partners Media Contact:                                                                   

Kekst & Company
Jeremy Fielding / Aduke Thelwell
+1 (212) 521-4800 / + (212) 521-4837

Safe Fleet expands into Law Enforcement with COBAN Technologies Acquisition

October 23, 2017 – Safe Fleet is pleased to announce the acquisition of COBAN Technologies, Inc (“COBAN”).

COBAN is a leading supplier of body cameras and in-car video solutions for law enforcement.  Established in 2002, COBAN’s innovative in-car video and digital evidence management software is used by many of the top police departments in the country.

“COBAN is an excellent addition to Safe Fleet’s portfolio.  The combination of COBAN’s position in law enforcement with Safe Fleet’s leading video positions in School and Transit Bus, Fire, Waste, and Commercial markets firmly establishes Safe Fleet as the largest global provider of video solutions to the fleet market,” stated John Knox, CEO of Safe Fleet.  “Safe Fleet/COBAN is now the only video provider able to comprehensively supply common and integrated video solutions to all First Responder departments as well as all municipal fleet markets.”

“The opportunity with Safe Fleet is compelling for our customers and our employees,” said Doug Dickerson, COBAN CEO.  “I’m excited about the acquisition. COBAN’s technology in body worn camera, in-car video, Artificial Intelligence-based (AI) real-time video analytics, video data and evidence management software combined with Safe Fleet’s comprehensive leading product line in Bus and Commercial markets creates best-in-class video product capabilities and breadth.”

Financial terms of the purchase were not disclosed.

About COBAN Technologies

COBAN Technologies is committed to manufacturing and developing digital video solutions of the highest caliber for public safety agencies. COBAN’s unique design of in-car video systems, interview room systems, body worn cameras, evidence management, and back office management software provides law enforcement with a complete digital solution that maximizes return on investment.  Since 2002, COBAN’s commitment to the highest standards of integrity has contributed to the overall satisfaction of our customers. Thousands of COBAN systems have been deployed by hundreds of police departments across the United States, ranging from small departments with a few vehicles, to large, multi-precinct cities such as the City of Los Angeles and City of Chicago. For more information about COBAN please visit www.cobantech.com.

About Safe Fleet

Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety solutions to fleet vehicle manufacturers and operators around the world.  These brands serve several major markets including: Bus, Rail and RV, Truck and Trailer, Work Truck, Emergency, Waste, and Industrial and Military.  With over 1,100 employees and 10 manufacturing locations, Safe Fleet targets markets with increasing demand for operator, passenger, and pedestrian safety. For more information about Safe Fleet and our portfolio of brands please visit www.safefleet.net.

 

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Safe Fleet Launches “I Heart Kindness” Coloring and Poster Contests

Safe Fleet launched their fourth annual United Against Bullying (UAB) Coloring Contest on Monday, July 10, 2017. A new poster contest has been included this year for older students. School-age children can submit entries until midnight October 31, 2017 to win prizes and money to help their schools start and sustain programs to spread kindness.

“Statistics continue to report that bullying incidents peak in middle schools,” said Bob Parks, Safe Fleet’s VP of Human Resources and UAB Executive sponsor. “We’ve added the UAB Poster Contest this year to inspire middle and high school students to start conversations about kindness and bullying and to express their feelings through art.”

The UAB Program is the social campaign of Safe Fleet, the leading provider of safety solutions for fleet vehicles. Safe Fleet’s divisions across North America continue to support the Program by sharing the contests within their communities.

This year’s theme for the contests is “I HEART Kindness.” Why? Because kindness increases happiness which increases well-being, empathy, and self-esteem. The contests focus on kindness to empower students and help stop bullying.

All students in the US and Canada are eligible to participate. There are prizes for the winners, runner-ups, and the winners’ schools to help support their kindness or anti-bullying initiatives. Detailed information, rules and regulations, and the Coloring Contest sheet can be found at: www.unitedagainstbullying.net/contests

For more information about this release, please contact:

Teresa Lynne
United Against Bullying Program Coordinator
teresa.lynne@seon.com
1.877.630.7366

unitedagainstbullying.net