LoneTree, a New-York based growth capital firm, has mad a significant investment in Safety Plus, a provider of safety management, contractor management, and compliance software and services.
The deal is intended to enable Safety Plus to pursue strategic growth initiatives, invest in platform innovations and conduct strategic M&A. The firm has grown into a leader in safety program software and outsourced safety program management to a spectrum of industries. The firm employs 58 people while servicing over 1,400 customers.
“We are delighted to be working with LoneTree,” added Bart Briggs, founder of Safety Plus. “Their investment in Safety Plus is an endorsement of the team, services, and technology we have built over the last 30 years. We believe the industry’s rapid growth is underpinned by the accelerated wave of safety program outsourcing.”
“The success of Safety Plus reflects the quality of the platform, the organization, and its leadership,” commented LoneTree managing partner, Matt Koven. “We look forward to working closely with the Safety Plus team as we continue to expand their products, services, and technological capabilities while building a world-class organization in support of their customers.”
Maynard Cooper & Gale LLP provided legal counsel to Safety Plus. Morris, Manning, & Martin LLP represented LoneTree.