Total Safety U.S., Inc. Divests of Environmental Division
Total Safety U.S., Inc. announced the recent divestiture of its Total Safety Environmental Division ("TSE") to the Argus Group. The TSE Division included the Dayton, Ohio; Paramount, California; and Mississauga, Ontario service locations. Terms of the transaction were not disclosed.
TSE, a division of H.I.G. Capital's successful portfolio company Total Safety, is a provider of portable monitoring and safety equipment to the environmental consulting industry. Commenting on the divestiture, David E. Fanta, Chief Executive Officer, said: "The divestiture of the TSE Division will allow Total Safety to focus on its core strategy of expanding its footprint geographically and further penetrating the energy and industrial industries on a global basis. Total Safety will continue in its core business of servicing and renting technical safety equipment and providing safety services to the refining, chemical, petrochemical and the oil and gas exploration industries and to entities that provide services to such companies."
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