SlipNOT Metal Safety Flooring, the leading U.S. provider of metal slip-resistant surfaces, today announced its acquisition by an investor group led by Victor Capital Partners. The group includes executive Larry Wash, Allstate Investments, company management, and members of the Molnar family, which has owned SlipNOT since its founding in 1987.
SlipNOT products are designed and manufactured for superior performance and durability in preventing slip, trip, and fall accidents in industrial, commercial, military, and municipal settings. SlipNOT plans to maintain its operational headquarters and manufacturing facilities in Detroit.
“We are excited to partner with the SlipNOT team and to support the next chapter of the company’s growth,” said Doug Korn, Victor Capital Managing Partner. “We look forward to helping the company expand into new markets, enhance its core product offerings, and continue the impressive growth trajectory it has enjoyed in recent years.”
Wash, an industrial products and services executive with a history of helping companies grow and prosper, is joining SlipNOT’s Board as Chairman. Wash recently was Executive Vice President and Chief Executive Officer of KONE Americas, a leading provider of elevator and escalator products and services, and he served on KONE’s Executive Board. Previously, Wash was President of Global Services for the Climate Solutions and Trane divisions of Ingersoll Rand. Wash is also a Detroit native and resident.
“It’s inspiring to partner with a team that is so committed to protecting workers and pedestrians from slip, trip, and fall accidents,” Wash stated. “The positive reputation of the company in the market is a reflection of the product’s unique performance attributes and the company’s commitment to putting its customers first for over three decades.”
Bill Davidson will serve as President of SlipNOT. Davidson has worked with Wash in leadership roles at Trane and Ingersoll Rand.
The company’s shareholders were represented by FINNEA Group, the Detroit-based investment bank, and financing for the transaction was provided by Deerpath Capital Management, LP and Oaktree Capital Management, LP. Victor was advised on the transaction by Current Capital Partners LLC.
About SlipNOT® Metal Safety Flooring: SlipNOT manufactures proprietary slip resistant surfaces designed to increase safety and reduce risk. SlipNOT’s product line consists of floor plate, grating, stair treads, and ladder rungs, among others. All products exceed OSHA and ADA requirements and non-slip recommendations for coefficient of friction. For more information about SlipNOT, please visit www.slipnot.com.
About Victor Capital Partners: Victor Capital Partners is a middle-market private equity firm that invests in branded businesses with compelling growth potential in consumer and industrial products and services as well as business services. Victor Capital uses its capital and resources to partner with companies in its target sectors that have valuable brands, solid foundations in technology, potential for add-on acquisitions, and attractive business and market trends and characteristics. The firm was founded in late 2015 by Doug Korn, a private equity veteran who has been partnering with strong management teams to help build great companies since the late 1980s. For more information on Victor Capital, please visit www.victorcapitalpartners.com.