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
On the event horizon, School Bus Fleet is launching the inaugural School Bus Fleet Connex (SBFX) in April 2019. Seen here is another event produced by SBF parent company Bobit Business Media.

See Another Side of the Bus Business

The pupil transportation community is primarily concerned with school buses. But there are circumstances when non-yellow buses come into play in the transportation of students.

First Student's safety mascot Safety Dog wished students at Calgary (Alberta) Catholic School District a happy first day of school.

PHOTOS: Back to School 2018

From New York to Arizona to Canada, school bus drivers and students alike received a warm welcome as they embarked on a new school year.

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!