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.

 

Safe Fleet Truck & Trailer Announces Video & Camera Solutions That Promote Safety On The Road For Every Fleet

“We are partnering with leading video and technology companies within the Safe Fleet corporate portfolio who share in the belief of providing simple, economical camera and video technology to keep drivers and life on the road safe.”

Fred Jevaney, President, Safe Fleet Truck & Trailer

Elmhurst, IL February 7, 2018 – As a company focused on providing class-leading temperature control and access products for the unique needs of the distribution industry, including: food and beverage, retail, private fleets, and 3PL carriers, Safe Fleet Truck & Trailer has announced its latest portfolio addition – video and camera solutions. Its video and camera portfolio combines cutting-edge technology and deep experience with systems that deliver simplicity, safety, and ROI for the distribution fleet.

“We have partnered with two leading companies who are also a part of the Safe Fleet corporate portfolio – Rear View Safety and Seon,” said Fred Jevaney, president of Safe Fleet Truck & Trailer. “According to the National Highway Traffic Safety Administration, in 2016 fatalities involving large trucks increased 5.4 percent year over year, to reach 4,713. We aim to provide affordable video and camera solutions to help drivers and the public stay safe on the road and lower the number of fatalities.”

Comprehensive camera solutions and event recording systems are technologies that enable companies to elevate their culture of safety and provide additional on-the-road confidence to their drivers.

VIDEO & CAMERA SAFETY BENEFITS

  • See Every Angle: From a 360o bird’s eye view to backup cameras and monitors, drivers are now able to eliminate blind spots and see what’s behind and around their vehicles.
  • Promoting Safer Driving Habits: With the ability to review the day on the road, fleet managers are able to identify coaching opportunities such as hard braking, fast acceleration, and sudden deceleration.
  • Monitor Idling: Minimize idling time to reduce fuel costs.
  • Limit Liability and Protect Company Brand: Video is available for event reconstruction and time dated telematics data to reduce collision, insurance claims and fleet operating costs.

“Safe Fleet as an organization and our division, Truck & Trailer, share a vision for growing the technology ecosystem to help fleets become safer on the road,” said Chuck Carey, vice-president of sales, Safe Fleet Truck & Trailer. “Safe Fleet Truck & Trailer’s video and camera portfolio was well-researched to fit the needs of our delivery fleets while remaining committed to providing solutions that are simple to install and operate; economical; and provide our customers with the greatest return on investment.”

To learn more about Safe Fleet’s video and camera offerings, visit www.sftruckandtrailer.net/video-camera-solutions.

About Safe Fleet Truck & Trailer
Safe Fleet Truck & Trailer, a division of Safe Fleet, a leading manufacturer of temperature control, access, and video & camera product solutions to truck and trailer fleets across North America. Products include insulated bulkheads, rear and side door curtains, insulated pallet covers, walkramps, platforms, steps, and camera & video solutions. Our nationwide sales team provides personal service and unmatched industry knowledge to protect inventory, improve productivity, and promote safety. www.sftruckandtrailer.net

About Safe Fleet
Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety solution to fleet vehicle manufacturers and operators around the world. These brands serve 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. www.safefleet.net

Contact: Beth Brown
ebrown@safefleet.net
630-782-0001

Rear View Camera

Rear View Camera

Event Recording System

Event Recording System

Safe Fleet Truck & Trailer Launches New, Comprehensive Website

Safe Fleet Truck & Trailer is pleased to announce the launch of its new company website. The new website has been designed to provide an intuitive user experience throughout, easy access to a complete product portfolio, detailed product information, and videos in one website, not three.

Elmhurst, IL February 7, 2018 – The site includes extensive product information to help users understand Safe Fleet Truck & Trailer’s complete range of temperature control, access, and video & camera product solutions. Technical information, videos, and sell sheets work together to provide a detailed overview of Safe Fleet Truck & Trailer’s capacities across a wide range of delivery worlds, including multi-temp foodservice delivery, last mile delivery, and straight truck delivery.

Departing from the format of three different websites (Randall Manufacturing, ROM, and Bustin-USA), the new website is the central home to each brand’s Truck & Trailer products. Users are able to compare and contrast products easily, access the latest product information, view product images and download specifications and technical information. The division’s Workbook covers the full solutions portfolio of Safe Fleet Truck & Trailer and can be accessed via the new website.

“The new website is a key component of our digital strategy, said Fred Jevaney, president of Safe Fleet Truck & Trailer. “ The passel of changes: combining multiple sites into one; updating product information and technical data; new product galleries; and one point of contact are all intended to improve the user experience and communicate our new brand.”

For more information on the new website, visit www.sftruckandtrailer.net, email info@sftruckandtrailer.net or call 800-323-7424.

Key Features

  • Improved user experience: Users no longer need to navigate three different websites. Products are now integrated under one website with intuitive navigation.
  • Product structure and organization: A unified product presentation makes it easier to compare and contrast product features and benefits.
  • Blog & social media: These sections will feature the latest announcements, product introductions, industry best practices.

About Safe Fleet Truck & Trailer
Safe Fleet Truck & Trailer, a division of Safe Fleet, a leading manufacturer of temperature control, access, and video & camera product solutions to truck and trailer fleets across North America. Products include insulated bulkheads, rear and side door curtains, insulated pallet covers, walkramps, platforms, steps, and camera & video solutions. Our nationwide sales team provides personal service and unmatched industry knowledge to protect inventory, improve productivity, and promote safety.
www.sftruckandtrailer.net

About Safe Fleet
Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety solution to fleet vehicle manufacturers and operators around the world. These brands serve 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.
www.safefleet.net

Contact: Beth Brown
ebrown@safefleet.net
630-782-0001

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