April 2023Thompson Safety Announces Investment from Berkshire Partners
The fast-growing fire and life safety provider will expand regionally and bolster its fire protection equipment services
HOUSTON--(BUSINESS WIRE)--Thompson Safety, a leading provider of onsite first aid, fire, and life safety services, announced today that it had received a strategic growth investment from Boston-based Berkshire Partners. Terms of the transaction were not disclosed.
The investment enables Thompson Safety to expand into new markets, accelerate organic growth plans, execute on acquisitions, further enhance its technology, and strengthen its central support infrastructure. The combination of these activities sets Thompson Safety up to offer more services to customers and reach them in more regions, ultimately becoming a preferred, single-sourced vendor for fire and life safety needs.
“We are thrilled to be working with Berkshire Partners for our next chapter of growth,” remarked Tommy Thompson, Founder and CEO. “The Berkshire team has an excellent reputation in the industrial services space, deep experience in helping companies reach scale, and a set of values that aligns with our own. We believe they have a unique ability to help us on our mission of becoming the first aid, fire, and life safety service provider of choice in North America. Their investment of time, know-how, and capital will be a valued asset during this expansion phase.”
“Thompson Safety has shown impressive growth in its first five years through its outstanding customer service and unique service offering, while cultivating a strong culture along the way,” said Spencer Murray, Principal at Berkshire Partners. “We are grateful Tommy and the team selected us as their partner and look forward to supporting them in achieving their vision.”
Earlier this month, Thompson Safety announced the strategic acquisitions of Demand Safety and Protect It first aid. The company is planning expansion into more complex fire services, including suppression systems, sprinklers and alarms. The acquisitions and expanded service offerings will enable the company to service customers more wholistically.
Raymond James and G2 Capital Advisors served as financial advisors to Berkshire Partners.
About Thompson Safety
Thompson Safety is a full-service fire and life safety company based in Houston, TX. The company services and supplies first aid cabinets, fire equipment, safety products, personal protective equipment, heart defibrillators, and eyewash stations, while also performing safety training and other safety services. The company is a solution-oriented partner to facilities managers and environmental health and safety professionals. To learn more, visit www.thompson-safety.com or follow Thompson Safety on LinkedIn. Looking to join the Thompson Safety team? Please visit: www.thompson-safety.com/company/careers
About Berkshire Partners
Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm’s private equity team invests in well-positioned, growing companies across technology & communications, consumer, healthcare, and services & industrials. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests. For additional information about Berkshire Partners please visit www.berkshirepartners.com.