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."



Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Renewable NRG_id1934
Hybrid Energy Innovations 2015