Sandwell firm Kee Safety has completed a management buy-out deal, marking the end of a ten year partnership with private equity firm LDC.
LDC has exited Kee Safety Group after the sale to its management team, a deal supported by Intermediate Capital Group. The deal also provides an exit for majority shareholder Investcorp.
Kee Safety provides fall protection and safe access solutions and products associated with working at height to companies worldwide.
LDC has supported the Kee Safety management team to increase revenues to more than £100m, an increase of more than 350 per cent since the start of the partnership. Over the past ten years the firm has increased its headcount to 780 people across ten countries, an increase of more than 400 per cent over the period.
LDC first backed the Sandwell business in 2011 and has worked with its management team to drive organic growth through a targeted buy-and-build strategy. This has included the acquisition of 27 complementary businesses, helping to expand its products and services and grow its presence in Europe, North America, Asia and the Middle East.
Kee Safety is now a leading global supplier of components and bespoke systems for railings, barriers, roof edge protection and fall prevention, and safe access equipment for working at height. Its portfolio of safety equipment is all designed to separate people from hazards.
Established in 1934 and headquartered in Cradley Heath, the company sells its products across more than 60 countries to a broad range of customers, from multinational corporations to distributors and installers.
Kee Safety has grown to become an international leader in its field and the company is now looking forward to the next stage of its growth journey.