Dallas, TX (PRWEB) February 9, 2011
Generational Capital, LLC proudly announces that its client Pacific Environmental has been acquired by Total Safety. Total Safety is the global leader of integrated safety services and solutions. Pacific Environmental Consulting is a British Columbia-based industrial hygiene, occupational safety and environmental consulting firm servicing the greater Western Canadian market.
“We are honored to have Pacific’s talented team join the Total Safety family,” said David E. Fanta, Chief Executive Officer of Total Safety. “Canada remains a very strategic market for Total Safety and we have many clients asking us to expand our service offering to include industrial hygiene and occupational safety. Working with Peter and the other professionals at Pacific, we will now be able to provide an even more comprehensive suite of safety solutions in this key market.”
Pacific Environmental, headquartered in Vancouver and founded in 1990, provides engineering and consulting services focused on worker health and safety. Those services incorporate Canadian Centre for Occupational Health and Safety (“CCOHS”)/Provincial Workers Compensation Board (“WCP”) regulatory requirements in the delivery of workplace environmental and industrial hygiene consulting services to a wide range of customers in Western Canada. Its core industrial hygiene competencies include worker exposure monitoring, air quality assessments, laboratory analysis, and chemical safety audits. Pacific also handles environmental consulting and assessments, hazardous material audits, worker training programs, health and safety audits, confined space audits, fall protection programs, and workplace regulation reviews in consultation with regulatory authorities. Peter Hansen, Pacific’s President and Co-Founder, stated, “This is a very exciting time for our employees and clients. The synergy between our two companies will accelerate market growth and career opportunities, a true winning combination. The Pacific team looks forward to partnering with such a dynamic team, offering our customers additional services, and complementing Total Safety’s current Canadian portfolio while continuing to add value for our clients.”
Merger and Acquisition advisory firm Generational Capital, LLC represented Pacific. Chris Heckert, VP, said “Pacific has a deep and experienced management team that compares favorably with many firms that are two to three times larger. We were pleased to have found the right strategic buyer that can leverage this great team.” Brenen Hofstadter, President, said “Four of my team’s last ten deals have involved a cross-border buyer and/or seller. This validates our firm’s belief that increased cross-border M&A is a long-term trend, and we continue to build relationships to bolster this activity.” He added “We first met Total Safety while presenting our clients to buyers at the 2010 AM&AA summer conference deal bash in Chicago. AM&AA has become the leading M&A professional association, and it was nice to see our involvement lead to a successful transaction.”
Specific financial terms of the acquisition were not disclosed.
About Total Safety
Total Safety, a DLJ Merchant Banking Partners portfolio company, based in Houston, Texas, is the world’s leading global provider of integrated safety strategies and the products necessary to support them: on-site safety services, turnaround safety support, gas detection, respiratory services, rescue services, safety training, fire services and engineered system design. It operates from more than 80 locations in 13 countries to ensure the safe Wellbeing of Workers Worldwide (W3). http://www.totalsafety.com.
About Generational Capital, LLC
Generational Capital, LLC is a Dallas, TX based merger & acquisition advisory firm. Mr. Hofstadter and Mr. Heckert focus on the industrial and engineering industries. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at http://www.gencm.com. Generational Capital and Generational Capital Markets are affiliated with Generational Equity, LLC. Generational Equity's website is http://www.genequityco.com and their online newsroom can be found at http://www.gecpress.com.
Dennis Turnipseed, Chief Financial Officer
Generational Capital, LLC
Brenen Hofstadter, President
bhofstadter (at) gencm (dot) com