Mill Point Capital LLC buys Total Safety’s Supplies & Solutions Division
The carve-out brings a 1983-founded Fairfield, California distributor into standalone ownership after operating inside Total Safety U.S., Inc.
Mill Point Capital LLC acquired Total Safety’s Supplies & Solutions Division, distributor of industrial MRO, safety, and PPE products.
The Fairfield, California-based business serves utility, transportation, refining and industrial services customers in the United States through technology-enabled procurement services.
Its network includes 13 distribution centers, 20 on-site customer stores and more than 850 vendor-managed inventory solutions.
Terms were not disclosed.
" “We are thrilled that the TSSS team has found a strong partner in Mill Point and have full confidence in their continued growth and success.
This transaction will allow the remaining Total Safety business to increase our focus on providing quality safety and compliance services to our customers,” added Brad Clark, CEO of Total Safety.
Baird and Moelis & Company LLC served as financial advisors to Mill Point, with McDermott Will & Schulte LLP as legal counsel; Jefferies and Troutman Pepper Locke advised Total Safety.
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