Gryphon Investors-Backed Safety Management Group Acquires CrossSafety
Acquisition creates one of the largest providers of outsourced health and safety services in North America
Safety Management Group (“SMG” or the “Company”), a preeminent provider of safety, environmental, and risk management services and a portfolio company of Gryphon Investors (“Gryphon”), a leading middle-market private investment firm, announced today that it has acquired CrossSafety, a leading health, safety, and environmental services provider headquartered in Canada. The transaction includes CrossSafety’s TRH operations in the U.S. and Mexico. Financial terms of the transaction were not disclosed.
The acquisition represents an important milestone in the growth strategies of both companies and brings together two organizations that each have more than three decades of experience helping clients protect their people, improve performance, and manage risk. The combination expands SMG’s expertise, customer base, end-market coverage, and geographic reach. With the addition of approximately 150 environmental, health, and safety professionals from CrossSafety, SMG will now have more than 500 team members, making the combined business one of the largest dedicated workplace health and safety consultancies in North America.
