Safe-Tech Training Inc.
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Safe-Tech Training Inc. - overview
Established
1989
Location
-, -, Canada
Primary Industry
Education/Training
About
Safe-Tech Training Inc. is a Canadian company specializing in comprehensive workplace safety training programs, ensuring compliance with industry regulations and enhancing operational safety across various sectors. Founded in 1989, Safe-Tech Training Inc. focuses on delivering tailored safety training solutions.
The company has undergone strategic shifts to adapt to evolving safety standards and has no known subsidiaries. Based in Canada, it is located in Ontario, which serves as its headquarters. The founder's history is not disclosed, and there are no previous company formations noted. The company received funding through a financial acquisition by Lynx Equity on June 22, 2018, although specific financial terms were not disclosed.
Safe-Tech Training Inc. specializes in workplace safety training programs designed to comply with or exceed relevant CSA Standards and applicable federal and provincial regulations. The company's core offerings include training for elevated work platforms, industrial fall protection, forklift and lift truck operation, mobile crane, and overhead crane operation, among others. These programs are tailored to meet the needs of various industries, including construction, manufacturing, and warehousing, addressing critical safety concerns and ensuring compliance with occupational health and safety regulations.
The training programs are available across various geographical markets, including Ontario, British Columbia, Alberta, and Quebec, targeting a diverse clientele consisting of businesses, government agencies, and individual contractors who require certification and skill enhancement for their workforce. Safe-Tech Training Inc. generates revenue primarily through its training programs, structured as direct-to-consumer transactions and business-to-business partnerships. Clients enroll in various training courses, which may be offered as individual sessions or packaged into comprehensive training plans tailored to organizational needs.
The pricing structure accommodates both individual and corporate clients, with specific costs associated with each training program depending on its duration and complexity. Flagship offerings such as the Forklift & Lift Truck Training and WHMIS (2015) programs are highlighted as essential for compliance and operational efficiency. Safe-Tech's revenue model emphasizes direct engagement with customers, ensuring personalized service and adherence to safety regulations across multiple sectors. Safe-Tech Training Inc.
aims to expand its offerings by developing new training programs tailored to emerging safety regulations, with plans to launch these products by the end of 2023. Additionally, the company is targeting expansion into new markets including Manitoba and Saskatchewan, aiming for a presence by 2024. The acquisition by Lynx Equity in June 2018 will support these initiatives by providing necessary capital and resources to enhance training capabilities and market reach.
Current Investors
Lynx Equity
Primary Industry
Education/Training
Sub Industries
Business Support Services, Education & Training Services
Website
www.safetechtraining.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Safe-Tech Training Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Safe-Tech Training Inc. | - |
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