Mill Point Capital Signs Definitive Agreement to Acquire Total Safety’s Supplies & Solutions Division
Total Safety Supplies & Solutions Enters Next Phase of Growth as a Standalone Platform Business Under Mill Point Capital’s Ownership
FAIRFIELD, Calif.--(BUSINESS WIRE)--Total Safety Supplies & Solutions, Inc. ("TSSS" or the "Company"), a leading distributor of industrial maintenance, repair, and operations (“MRO”) products including safety, and personal protective equipment ("PPE"), announced today that it has signed a definitive agreement to be acquired by Mill Point Capital LLC ("Mill Point"). The acquisition of TSSS, a division of Total Safety U.S., Inc. (“Total Safety”), represents Mill Point’s 20th corporate carve-out and underscores Mill Point’s expertise and advanced capabilities with complex transaction structures.
Founded in 1983, TSSS is a value-add distributor of industrial tools and supplies, including MRO products, PPE, fall protection, and other related safety and consumables serving large industrial end users across the utility, transportation, and downstream sectors. The Company operates a network of 13 distribution centers, 20 on site customer stores and manages a network of more than 850 vendor managed inventory solutions, supported by a portfolio of integrated, technology-enabled procurement services. TSSS maintains long-tenured relationships with marquee customers, supported by customized service offerings and value-added programs that deliver year over year cost savings while streamlining their customers’ indirect spend.
"On behalf of the entire TSSS organization, I am thrilled to be partnering with Mill Point as we begin our next chapter as an independent platform business. Mill Point's deep domain knowledge of value add distribution, along with their operational resources and value creation focus, are an ideal fit for our employees, customers, and suppliers. Together, we are well positioned to enhance our customer relationships, invest in our team and our infrastructure and continue delivering best-in-class service to our customers," said Sean Nacey, President of TSSS.
Mill Point’s Executive Partner, John Posey, added, "TSSS has earned the trust of a premier customer base through a track record of delivering mission-critical service when it matters most. We are excited to partner with Sean and his team to support the Company’s continued evolution. "
"TSSS is a high-quality distribution platform with deeply embedded customer relationships and a differentiated service model that is difficult to replicate," commented Michael Duran, Founder and Managing Partner of Mill Point. "We look forward to partnering with Sean, who we will be promoting to Chief Executive Officer post-closing, and the management team to invest behind the Company's momentum, expand wallet share with new and existing customers and broaden the geographic footprint."
“We are thrilled that the TSSS team has found a strong partner in Mill Point and have full confidence in their continued growth and success. This transaction will allow the remaining Total Safety business to increase our focus on providing quality safety and compliance services to our customers,” added Brad Clark, CEO of Total Safety.
This transaction is subject to regulatory approvals and other customary conditions and is expected to close later in 2026.
Baird and Moelis & Company LLC served as financial advisors to Mill Point. McDermott Will & Schulte LLP served as legal counsel to Mill Point.
Jefferies acted as sell-side advisor, and Troutman Pepper Locke served as counsel for Total Safety.
About Total Safety Supplies & Solutions
Founded in 1983 in Fairfield, California, Total Safety Supplies & Solutions is a leading distributor of industrial safety, personal protective equipment, and MRO products to blue-chip customers across the utility, transportation, refining and industrial services sectors. The Company operates 13 distribution centers and a portfolio of technology-enabled procurement services, including a network of more than 850 customer-site vending machines. Total Safety Supplies & Solutions is headquartered in Fairfield, CA. For more information, please visit https://www.totalsafety.com/supplies-and-solutions.
About Mill Point Capital LLC
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the Business Services, Industrials and IT Services sectors throughout North America. Mill Point's experienced team of investment professionals, Executive Partners and Functional Experts seeks portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.
About Total Safety
Total Safety is a global leader in industrial safety solutions. Headquartered in Houston, Texas, the company delivers a fully integrated suite of services including gas detection, respiratory protection, fire protection, confined space monitoring, specialized safety personnel, medical management, and EHS compliance. The company’s services are designed to protect workers, ensure regulatory compliance, and support safe, efficient operations. To learn more about Total Safety, please visit www.totalsafety.com.
Contacts
Jiaeh Kim, info@millpoint.com, 212-416-5800
