The Sterling Group, a private equity firm based in Houston, announced that its portfolio company, Safe Fleet, has completed the acquisition of Randall Manufacturing LLC. This marks Safe Fleet’s eighth acquisition during Sterling’s ownership. Safe Fleet is a leading supplier of safety components for fleet vehicles.
Based in suburban Chicago, Randall is a leading manufacturer of specialized safety products used mainly in refrigerated semi-trailers in connection with the transportation of food and beverages. “Randall is an excellent addition to Safe Fleet’s portfolio. Through innovation and consistent execution, Randall has developed a high level of brand equity and trust with their customers and end-users,” stated John Knox, CEO of Safe Fleet. “The Randall brand and product line strongly complements Safe Fleet’s truck and trailer offerings. We are delighted to welcome Fred Jevaney and the Randall organization to Safe Fleet.”
Safe Fleet provides a wide variety of safety- and productivity-oriented components to bus, rail, RV, truck and trailer, work truck, emergency, waste, industrial and military end markets. “The addition of the Randall team and products will further Safe Fleet’s ability to offer a full line of safety solutions to our wide range of fleet customers,” said Brian Henry, a partner at The Sterling Group.
Safe Fleet has more than doubled in size during its partnership with Sterling and will continue to pursue both organic and acquisition-related growth.