Safe Fleet Expands Portfolio with Elkhart Brass Acquisition
Belton, MO (February 25, 2015) — Safe Fleet is pleased to announce today the acquisition of Elkhart Brass, of Elkhart, IN.
Since 1902, Elkhart Brass has been the industry’s most experienced manufacturer of innovative firefighting and fire protection equipment. Elkhart manufactures 2,000 products including monitors, valves, nozzles, appliances and accessories used in virtually every aspect of fire fighting. Elkhart products can be found in fire departments around the world, building systems and off-shore drilling sites, as well as in military, marine, and industrial firefighting applications.
“We’re very excited to welcome Elkhart Brass into the Safe Fleet family. This acquisition supports our vision to build the leading global provider of safety solutions for fleet vehicles,” said John R. Knox, President & CEO of Safe Fleet. “The combination of Elkhart Brass with FRC and Foam Pro will enable us to develop integrated systems of monitors, valves, foam proportioning and electronic controls for the global emergency market. In addition, Safe Fleet will have one of the largest direct sales forces in North America with over 20 individuals dedicated to serving the firefighting industry.”
“Safe Fleet is an excellent home for Elkhart Brass, our employees, customers, partners and suppliers around the world,” said Hans Ashbaugh, CEO and Owner of Elkhart Brass. “Although, I am retiring in conjunction with the change of ownership to Safe Fleet, the remainder of the Elkhart management and organization will continue to run Elkhart Brass. For our valued employees, customers and suppliers, it is business as usual.”
The Elkhart Brass acquisition is the third for Safe Fleet which was formed in September, 2013 when ROM Corporation and SMI Corporation merged.
The growing Safe Fleet portfolio includes ten brands, five of which are leaders within the emergency market (Elkhart Brass, FoamPro, FRC, ROM, and Bustin).
Financial terms of the purchase were not disclosed.
About Elkhart Brass
Headquartered in Elkhart, IN, Elkhart Brass manufactures innovative firefighting equipment. Over the past 113 years of operation, Elkhart has launched innovative products including the first peripheral jet fog nozzle, the first pressure regulating nozzle which maintains a constant water stream in all directions, and the first wireless monitor that allows firefighters to control flow from the safety of the ground. For more information on Elkhart Brass please visit www.elkhartbrass.com.
Legacy Capital Advisors, LLC advised Elkhart Brass in the transaction.
About Safe Fleet
Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provides increased functionality and integrated solutions for fleet vehicle manufactures and operators around the world. These brands serve five major markets including: emergency services, bus and rail, truck and trailer, utility, and industrial. With almost 1000 employees, the Safe Fleet family of brands operates over 500,000 square feet of manufacturing space and targets markets with increasing demand for operator, passenger and pedestrian safety.
Fore more information about Safe Fleet please visit www.safefleetsolutions.com
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Posted: Feb. 25, 2015