Code Red Safety & Rental, LLC

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Code Red Safety & Rental, LLC - overview

Established

1995

Location

-, IN, US

Primary Industry

Business Support Services

About

Based in the US, Code Red Safety & Rental, LLC delivers specialized safety services and equipment to ensure workplace safety across diverse industries, including power, steel, and chemicals. Code Red Safety & Rental, LLC focuses on providing safety services and equipment tailored for various industries. Founded in 1995, the company has one total deal. In September 2022, Warren Equity Partners acquired Code Red Safety from Hastings Equity Partners.


The founding team includes Mark Dundas, Mike Miller, and Satyan Kochhar, while Nick Mowbray serves as the CEO. Code Red Safety specializes in comprehensive safety services and equipment to ensure worker safety across multiple industries, including power, steel, chemical, refining, and industrial markets. Their services include specialized safety staffing, turnaround support, emergency rescue teams, and advanced communication technologies like two-way Motorola radio rentals. The company offers a range of safety equipment such as breathing air solutions, fall protection gear, respiratory protection, gas detection systems, and personal protective equipment (PPE) to address critical safety needs in high-risk operations.


Code Red Safety generates revenue mainly through B2B transactions, providing safety services and equipment to various industries. The revenue stream includes direct sales of safety equipment and long-term contracts for staffing and service agreements, particularly in turnaround operations. Their pricing structure aligns with industry standards, with flagship products including the RED I/O Confined Space Monitoring Technology and specialized rescue teams available 24/7. In September 2022, following the acquisition by Warren Equity Partners, Code Red Safety plans to innovate by designing new safety products aimed at enhancing operational safety.


The company is targeting expansion into additional regions within the US, focusing on the Midwest and Southeast by 2024. The recent acquisition will support these initiatives by providing necessary resources and funding for product development and market entry.


Primary Industry

Business Support Services

Sub Industries

Consulting Services, Equipment Rental & Leasing

Website

www.coderedsafety.com

Total Amount Raised

Subscriber access only

Code Red Safety & Rental, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedHaztek, Inc.-
Secondary BuyoutCompletedCode Red Safety & Rental, LLC-

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