Mill Point Capital announced Monday that it has completed its acquisition of Total Safety’s MRO business.
The New York private equity firm originally announced its agreement to buy the business — known as Total Safety Supplies & Solutions Inc. — in early June. Terms of the transaction were not disclosed.
Mill Point officials had previously noted that the “S&S” business spanned 13 distribution centers as well as 20 onsite locations and hundreds of vending machines. The firm added in the statement this week that S&S distributes more than 65,000 products to major end users and contracts in the utility, transportation and downstream industries.
Mill Point said that its executive partners — John Posey and Jim Murphy — would play “key roles” in the newly added company’s evolution. They intend to partner with its current management and the firm’s investment team to grow existing business, add new customers, expand its footprint and develop its omnichannel platform.
"S&S has built an outstanding reputation among its customers with multi-decade relationships validating the strength of their brand and service proposition,” Mill Point founder and Managing Partner Michael Duran said in the announcement. “Sean [Nacey] and the S&S team embody the talent and vision necessary to continue the successful trajectory of the company. We are delighted to support them and accelerate the company’s growth opportunities.”
