Birmingham, Michigan, June 26, 2018 – Quarton International is pleased to announce that SafetyServe, Inc., (“SafetyServe” or the “Company”) a Bloomfield Hills, MI based provider of online safety training courses, has been acquired by TransForce, Inc. (“TransForce), a portfolio company of Palladium Equity Partners, LLC (“Palladium”). Quarton International acted as the exclusive investment banking advisor to SafetyServe in this transaction.
SafetyServe is the leading provider of online safety training courses to companies, government agencies, insurance companies and other organizations. SafetyServe has provided safety training courses in partnership with the National Safety Council, the leading nonprofit organization promoting health and safety in the U.S., since 1998. Wade Mezey and Susan Norton, President and Executive Vice President, respectively, along with the rest of SafetyServe’s management team, will continue to lead the Company.
SafetyServe is the leading provider of online safety training courses to companies, government agencies, insurance companies and other organizations. The Company’s training programs incorporate industry best content, advanced instructional design and an engaging user experience. SafetyServe is headquartered in Bloomfield Hills, Michigan.
TransForce is a provider of specialized staffing, recruiting, and workforce management solutions to the commercial transportation industry. The Company supplies qualified commercial truck drivers to third-party logistics companies, private fleets, and trucking companies. TransForce operates 47 branches across 24 states and dispatches more than 2,500 drivers on a daily basis.
Palladium Equity Partners is a New York-based private equity firm that seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. The firm invests in a wide variety of industry sectors including consumer, services, industrials, and healthcare businesses, among others.
"We are very excited to partner with SafetyServe and its management team to enhance our safety offering and carry the safety message through formal training. We take pride in our safety record, including our exceptionally low DOT reportable accident rate, and SafetyServe and their long-standing partnership with the National Safety Council is a great addition to the TransForce family."
CEO and President of Transforce
"We are excited to join the TransForce family. In particular, we believe that TransForce's scale and reputation will enable even broader awareness and adoption of our safety courses.”
CEO of SafetyServe
January 30, 2019
Finance Monthly Deal Maker Award for Quarton, a Cowen Company
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