NEW YORK, Oct. 10, 2016 /PRNewswire/ -- CI Capital Partners, a New York-based private equity firm, announced today that it has formed a partnership with Colin Duncan, the former Chief Executive Officer of DEKRA Insight, to pursue a platform company investment in the safety services industry, including occupational health, workplace & industrial safety services.
Mr. Duncan brings to this partnership significant management and operational experience in the safety services industry. Most recently, Mr. Duncan served as the Chief Executive Officer of DEKRA Insight, a division of DEKRA SE providing advisory and testing services focused on workplace and occupational safety. While at DEKRA, Colin was a member of the Executive Committee and a board member of DEKRA North America. Mr. Duncan joined DEKRA following its acquisition of BST, where he served as Chief Executive Officer.
CI Capital and Mr. Duncan will pursue investment opportunities in the fragmented safety services industry, targeting companies with significant domain expertise, pioneering content, and differentiated service offerings, led by experienced management teams that can serve as effective consolidators. CI Capital previously invested in Conney Safety Products, a leading distributor of products and equipment designed to help maintain workplace safety.
"I am pleased to announce this partnership with CI Capital," said Mr. Duncan. "I believe that there is a significant need in the marketplace for an integrated platform company that can provide comprehensive array of safety content, training and expert-driven thought leadership to small and large companies alike. As enterprises face growing regulatory requirements and seek to drive profitability and employee satisfaction, improving workplace safety has become an area of increased focus and importance. CI Capital's experience in the safety market, coupled with its commitment to and history of supporting management teams to build bigger businesses through strategic acquisitions and organic growth initiatives, made the firm an ideal partner."
Joost Thesseling, Managing Director at CI Capital said, "We are thrilled to have the opportunity to form a partnership with Colin, who has an impressive track record in the safety services industry. Our pursuit of a platform company in the industry is a great fit with our investment strategy, which is focused on backing accomplished executives in building substantial businesses in large, fragmented industries where organic growth can be complemented by consolidation."
About CI Capital Partners
CI Capital Partners LLC, a leading North American private equity firm with $1.9 billion in assets under management, has been investing in middle-market companies since 1993. Since inception, CI Capital and its portfolio companies have made over 200 acquisitions representing approximately $8 billion in enterprise value. CI Capital's existing portfolio consists of companies that collectively generate annual revenue of over $2.5 billion and annual EBITDA of approximately $300 million and employ over 9,000 people.
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SOURCE CI Capital Partners
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