Schaffhausen (Switzerland)/Greenville, PA (United States of America)/Frankfurt (Germany), 15 May 2017 - Funds advised by Triton ("Triton") have signed an agreement to acquire WernerCo, a fully integrated, international manufacturer and distributor of access products, fall protection equipment, secure storage systems and light duty construction equipment. Terms of the acquisition were not disclosed. The transaction is subject to regulatory approval in relevant jurisdictions and is expected to close following receipt of those approvals.
"We look forward to supporting WernerCo’s management and employees as a stable owner by investing in and supporting the growth and development of the company. Our strong industry expertise, gained through other investments and strengthened by senior industry experts, will contribute in taking Werner to the next level. We look forward to working together with the management team and the Board of Directors in building a stronger company", said Peder Prahl, Director of the General Partner for the Triton funds.
"WernerCo, as the market leader in the US, has been building its presence internationally over the last ten years. This transaction is an important milestone, enabling us to continue with our strategic efforts. We welcome Triton as a new majority owner and a respected investor who will support us in developing and executing our plans for delivering new and innovative products to our global customers, expanding our market positions in all territories and continue to be the leader in our industries", said William T. Allen, Chairman of WernerCo.
About WernerCo
WernerCo is a privately owned, fully-integrated, international manufacturer and distributor of access products, fall protection equipment, secure storage systems and light duty construction equipment. Its portfolio of industry leading brands include Werner, KNAACK®, WEATHER GUARD®, Youngman®, BoSS®, Centaure, Duarib, Haemmerlin and Bailey. WernerCo has manufacturing, warehousing, sales, distribution and office facilities in the United States, Australia, Canada, China, France, Hungary, Mexico, Philippines, Vietnam and the United Kingdom. Werner’s global headquarters are in Schaffhausen, Switzerland and its US headquarters are in Greenville, Pennsylvania.
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.