in News Departments > New & Noteworthy
print the content item

Evergreen Pacific Partners, a Washington-based private equity fund, has acquired Seattle-based SafeWorks from Wynnchurch Capital. SafeWorks designs and builds hoists, service lifts, climb assist systems, platforms, rigging devices and other safety products for various industries, including the wind power sector. Financial details were not disclosed.

Founded more than 60 years ago, SafeWorks sells its products under several brand names: Power Climber Wind products, for example, are sold to wind power original equipment manufacturers, service companies and wind farm owners.

"SafeWorks is a company with a solid leadership position in end markets that are experiencing global growth," says T.J. McGill, co-founder and managing partner of Evergreen Pacific Partners. "With its seasoned management team, strong network of distribution partners and demonstrated ability to innovate and deliver new products, SafeWorks is poised for continued strong growth in the U.S., Europe and the rest of the world."

"With this investment from Evergreen, we are ready to reach new heights in our company's growth," adds Scott Farrell, who will remain CEO of SafeWorks. "We will continue to invest in new technologies and products to better serve the needs of our existing customers and partners, while looking forward to advancing aerial access and safety solutions that raise the bar for the entire industry."




Advertisement

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015