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."




Trachte Inc._id1770
Latest Top Stories

Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.

Canwea_id1984
Renewable NRG_id1934