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In October 2015, Bravo Oilfield Safety Services LP and Target Safety Services Ltd merged to form Bravo Target Safety LP, a leading Western Canadian provider of safety services and safety related products.

Stormont acted as the exclusive financial advisor to one of the major shareholders at Target Safety in performing the following:

  • Supported major shareholder in buying out a partner
  • Identified suitable target sources of Private Equity
  • Managed the process to a tight 60 day timeframe with multiple counter-parties
  • Negotiated commercial terms
  • Managed due diligence
  • Closed the transaction

The transaction combines the unique capabilities of two leading safety companies with extensive experience in areas including safety services for facilities, industrial turnarounds, maintenance as well as oilfield drilling and completions.

 

This transaction provided the major shareholder of Target Safety with a liquidity event as well as a growth-oriented partner to support the company’s ambitions to further expand operations. With this acquisition, Bravo Safety and their private equity partner YellowPoint Capital will gain a significant foothold in the Canadian facility turnaround safety market which, further diversifying the suite of services offered by Bravo.

 

Learn more about this transaction here »


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