Management

Private Equity Firm to Acquire Safe Fleet

Thomas McMahon
Posted on January 9, 2018
Safe Fleet’s brands provide a variety of school bus equipment, including stop arms, crossing arms, and video surveillance systems.
Safe Fleet’s brands provide a variety of school bus equipment, including stop arms, crossing arms, and video surveillance systems.

BELTON, Mo. — Safe Fleet Holdings LLC has entered into a definitive agreement to be acquired by Oak Hill Capital Partners, the companies announced on Tuesday.

Oak Hill, a private equity firm based in New York City, will acquire Safe Fleet from its current owner, The Sterling Group. The transaction is expected to close in the first quarter of 2018.

Safe Fleet provides a variety of equipment for school buses, including video surveillance systems, stop arms, crossing arms, and roof hatches. The company’s brands include Seon, Specialty Manufacturing, and Transpec.

“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.”

Gary Rosenthal, a partner at Sterling and chairman of Safe Fleet’s board of directors, said that Safe Fleet has grown “from two small component suppliers to a leader in safety solutions for fleet vehicles.”

John Knox, president and CEO of Safe Fleet, added, “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.”

Related Topics: crossing arm, stop arms, video surveillance

Thomas McMahon Executive Editor
Comments ( 0 )
More Stories
A story about a motorist who was arrested for allegedly failing to stop for a school bus was the most-viewed news item on the SBF website this year. The screenshot above is from bus video posted on Missouri’s Parkway School District’s Facebook page.
News

Top 5 Most-Viewed News Stories of 2018

News that drew the most traffic on the School Bus Fleet website this year covered illegal school bus passing, a petition for tougher penalties on stop-arm running, and student and driver fatalities in the danger zone.

An article about how to keep school buses and sites secure was the most-viewed feature on the SBF website this year. Photo courtesy National Highway Traffic Safety Administration
News

Top 5 Most-Viewed Feature Articles of 2018

Feature articles that drew the most traffic on the School Bus Fleet website in 2018 included tips on school bus safety, electric school buses, and student behavior management.

Be the First to Know

Get the latest news and most popular articles from SBF delivered straight to your inbox. Stay on top of the school bus industry and don't miss a thing!