Littlejohn & Co. has purchased a majority stake in Total Safety, the provider of a varied portfolio of safety and compliance services including gas & fire detection, emergency medical treatment and industrial inspection. The company had been majority-owned by Warburg Pincus since 2011.
As a B2B commercial services business located in the US, Total Safety is part of a sector that’s recently experienced a slight decline in PE investor activity, according to the PitchBook Platform, with deal count dropping from 750 in 2014 to 692 last year. An even 21% of the American commercial services companies to receive PE backing in the past three-plus years are located in the Mid-Atlantic region, with the Great Lakes and West Coast each serving as home to about 16% of all targets.
Here’s a rundown of the 7 most active PE firms in American commercial services businesses since the start of 2014 (including add-ons):