Labcraft Holdings Limited | Safe Fleet UK Limited
finnCap Cavendish, part of finnCap Group plc, is pleased to announce it has advised on the sale of Labcraft, the UK’s leading manufacturer of high performance and energy efficient LED lighting for the commercial vehicle and emergency services sectors. Labcraft has been acquired by Safe Fleet, a leading supplier of safety solutions for fleet vehicles, headquartered in Missouri, USA enhancing Labcraft’s presence in the US.
Labcraft has over 60 years’ trading history and has become the leading supplier for body converters, manufacturers and commercial and emergency fleet managers. It designs and manufactures a wide range of interior and exterior low voltage LED lighting solutions for the commercial vehicle sector. Its products are fitted on vehicles around the world.
This acquisition bolsters Safe Fleet’s offering with the addition of premium safety lighting solutions to its unified brand portfolio and extending its product portfolio.
Labcraft, with its strong brand heritage, will continue to operate as a standalone entity within the Safe Fleet group.
The deal was led by Joe Stelzer, consultant at finnCap Cavendish.
Michael Schulte, President of Safe Fleet, commented:
“Labcraft is a great addition to the Safe Fleet family. Their drive to design innovative lighting solutions to improve safety and efficiency aligns with our mission to make fleets smarter and people safer.”
“We are thrilled to have advised Nick and his team at Labcraft on this transaction, which continues our strong finish to the financial year on the back of a raft of M&A activity in recent months. This transaction is a further cross-border deal for us in the industrials sector, enhancing our credentials for cross border transactions. With the backing of Safe Fleet and its base in the US, Labcraft now has a great platform to accelerate its growth in existing and new markets.”
“Over the past 60 years we are proud to have built a market leading business. We are now delighted that in Safe Fleet we have found a great home for our business to continue to grow, innovate and support both our employees and customers.
Our advisor Joe Stelzer at finnCap Cavendish tirelessly assisted us through the process and was on hand at each and every step of the journey.”
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