Checkers

checkers-case-study-12-2016

Checkers

Checkers Industrial Safety Products is a leading global manufacturer and distributor of industrial safety products, specifically cable protectors, wheel chocks, safety lighting and ground protection products. In 2010, Harvey & Company initiated the recapitalization of Checkers and invested in the business alongside a private equity group. One year later, Harvey also assisted in the subsequent acquisition of complementary business Yellow Jacket, a manufacturer and distributor of cable wire management systems. Checkers achieved significant organic growth following the integration of Yellow Jacket, which eventually led to its acquisition by another private equity fund in 2014.  Since then, Harvey & Company has advised Checkers on five additional add-on acquisitions and continues to assist Checkers in its acquisition search efforts.

Categories targeted for acquisition:

  • Cable Protection
  • Detectors & Warning Systems
  • Ground Protection
  • Fall Protection
  • Material Handling
  • Protective Apparel
  • Safety Flooring & Lighting
  • Storage & Spill Containment
  • Traffic Safety

Result: Harvey & Company originated the recapitalization of Checkers and initiated six of Checkers’ subsequent acquisitions. These transactions enabled Checkers to expand its cable protection products, add industrial grade ground protection systems, establish a European brand, open European distribution channels, and expand the Checkers geographic presence within North America. Harvey & Company built a close relationship with the Checkers management team, lasting through two separate private equity fund owners, and continues to work with Checkers to evaluate acquisitions across a broad array of safety products categories.

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