MANAMA: Investcorp has agreed the sale of Kee Safety Group to its management team, supported by Intermediate Capital Group.
Established in the UK in 1934 and headquartered in Cradley Heath, Kee Safety is the leading global provider of fall protection and safe access solutions and products associated with working at height.
Today, the company has a global presence and sells its products across more than 60 countries worldwide to a broad range of customers, from multi-national corporations to distributors and installers. The company employs 780 people and has established operations in 10 countries.
Investcorp acquired Kee Safety in November 2017 and has worked closely with the management team to drive both organic and inorganic international growth, whilst expanding Kee Safety’s market-leading product offering.
Acquisitions
Under Investcorp’s ownership, Kee Safety accelerated its growth trajectory, surpassing GBP100m in sales and growing EBITDA at a double-digit rate.
Moreover, the company has completed 15 acquisitions, expanding its geographic footprint in Europe, North America, Asia and the Middle East.
Kee Safety’s regulatory-required offering has demonstrated its defensive profile during the pandemic, with record orders achieved despite the uncertain economic environment, and eight acquisitions completed since January 2020.
Mohamed Al Sada, Head of Bahrain and Kuwait for Investcorp’s Private Wealth, said: “When Investcorp acquired Kee Safety in 2017, we were able to see the potential that the company has in the industry it operates in. Since our acquisition, we have worked closely with the management team to achieve what is today a success story for both Investcorp and Kee Safety. We are pleased to have been part of the company’s growth journey, and we wish the team all the best in their years to come.”
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