Deal Details

Peoplesafe Is Acquired by Summa

Technology & Services

Peoplesafe, a portfolio company of ECI, sale to Summa

Summary

Peoplesafe, a portfolio company of ECI Partners (“ECI”), has been acquired by Summa Equity (“Summa”). Terms of the transaction have not been disclosed.

Baird served as financial advisor to Peoplesafe on this transaction.

About

Peoplesafe was founded to help the most vulnerable workers through innovation and reacting to emerging risks. Now operating across the U.S. and Canada, it is one of the largest workforce safety technology providers in the world, protecting more than 350,000 people across every industry. Over the last 25 years, its market-leading platforms, technology and service have been developed to protect everyone, wherever they are and whenever they need it. A purpose-built ARC facility in its UK headquarters ensures its ability to lead the market in delivering the fastest response times possible. Peoplesafe was founded in 2001 and is based in Epsom, Surrey.

ECI Partners is a leading private equity investor focused on offering collaborative support to management teams. The firm prides itself on its pragmatic approach, providing assistance where it believes it can add value and working in alignment with its partners. This approach has allowed ECI to deliver exceptional results for nearly 50 years. The firm manages funds of approximately £3bn and invests in growth businesses valued up to £300m, acting as either a majority or a minority investor. ECI’s growth focus is integral to its team structure; the firm has developed the capability to support management teams across various workstreams, including sourcing and executing acquisitions, developing market entry strategies, improving employee engagement and ensuring technical platforms can scale alongside the business. The firm is based in London, United Kingdom.

Summa Equity is an investment firm focusing on the thematic areas of Circularity, Energy Transition, Sustainable Food and Tech-Enabled Resilience. The mission of Summa is to invest in solving global challenges. Summa has raised c. €4.0bn and made over 30 platform investments across the three funds raised to date, with 12 exits across them. The investments address social challenges, enabling the potential for long-term sustainable outperformance. The team is located globally, with offices in Stockholm, Oslo, Munich, and the U.S. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI). Summa was founded in 2016 and is based in Stockholm, Sweden.

Technology & Services

Peoplesafe, a portfolio company of ECI, sale to Summa