Safeco, Inc.
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Safeco, Inc. - overview
Established
1991
Location
Mobile, AL, US
Primary Industry
Software
About
Safeco, Inc. delivers comprehensive safety management solutions, focusing on compliance and operational efficiency for businesses in high-risk sectors through innovative software and safety services. Founded in 1991 in Mobile, US, Safeco, Inc. provides safety management solutions tailored for high-risk industries.
The company was acquired by LoneTree Capital in December 2021, aiming to support its growth strategy and innovative platform development. The CEO is Taylor E, and the founder is Bart Briggs. Safety Plus, Inc. specializes in an all-in-one safety management platform designed to enhance compliance and operational efficiency for businesses in high-risk industries.
Its core product, the SafetyPlus - Edge software, facilitates contractor management by streamlining vetting and prequalification processes. The company also offers specialized safety services, including training, inspections, audits, and industrial hygiene monitoring, catering to sectors like industrial cleaning, chemical manufacturing, and construction primarily across North America and select international markets. Safeco generates revenue through a subscription-based model, offering access to its SafetyPlus - Edge platform along with customizable safety services. Clients typically engage with the software on an ongoing subscription basis, supplemented by additional services tailored to meet specific safety needs.
This engagement model fosters long-term relationships with clients, who often combine contractor qualification services with safety training and compliance auditing. Following its acquisition by LoneTree Capital in December 2021, Safeco, Inc. aims to enhance platform innovation and pursue strategic acquisitions to fuel its growth. The recent funding will be utilized to support these initiatives, with plans for new product launches and expansion into additional markets.
Safeco is focused on extending its reach beyond North America, targeting international markets that align with its safety management expertise.
Current Investors
LoneTree Capital
Primary Industry
Software
Sub Industries
Facilities & Maintenance Services, Consulting Services, Construction, Engineering Software
Website
www.safetyplusinc.net
Verticals
Cloud Computing, Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Safeco, 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | GoContractor | - | ||||||||
| Buyout | Completed | Safeco, Inc. | - |
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Safeco, Inc. - employee data


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