Justrite Safety Group and Checkers Industrial Products Sign a Definitive Merger Agreement

Justrite Safety Group (Justrite®) and Checkers Industrial Products (Checkers), both portfolio companies of Audax Private Equity (Audax) have entered into a Definitive Merger Agreement. The merger of Justrite and Checkers creates a leading manufacturer of industrial and environmental safety products. The merger is anticipated to be completed and closed by the end of January 2018.

JUSTRITE

Since 1906, Justrite has provided products for the safe management of flammable liquids, and other hazardous materials. Today their products include safety cabinets and large outdoor storage buildings, safety vessels and containers for laboratory and industrial applications, spill containment, safety showers and eye/face wash, and other products that all help industrial customers maintain safe practices. Long recognized as a vital part of environmental, health, and safety programs, Justrite products are available worldwide. For more information, visit the Justrite website, www.justrite.com

CHECKERS

Founded in 1987, Checkers is a leading provider of branded industrial safety products dedicated to vehicular safety, asset protection, and workplace safety. Today their products include wheel chocks, warning whips, cable management systems, ergonomic anti-fatigue and entrance matting, and temporary access mats and ground protection solutions through their four power brands of Monster™, Linebacker®, Notrax®, and TuffTrak®. For more information, visit the Checkers website, www.checkers-safety.com

ABOUT AUDAX PRIVATE EQUITY

Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4.5 billion in 112 platform and 640 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group®, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has over $11.5 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website, www.audaxgroup.com

Contact Justrite at JustriteMarketing@justritemfg.com

Manufacturing Jobs in the United States

Checkers provides manufacturing jobsIn a recent interview with Cheddar TV, CEO of Thomas Publishing Company Tony Uphoff discussed the challenges facing manufacturing companies in the United States. The manufacturing industry has long been a stalwart of economic development in the US and revitalizing it will be critical to continued success as a nation. According to Deloitte, “Every dollar spent in manufacturing adds $1.37 to the U.S. economy, and every 100 jobs in a manufacturing facility creates an additional 250 jobs in other sectors.” Clearly, manufacturing jobs are important for economic growth. However, as a country, we face several problems in our manufacturing sector. The skill gap is substantial and continues to widen. Deloitte estimates that “Over the next decade nearly 3 ½ million manufacturing jobs likely need to be filled. The skills gap is expected to result in 2 million of those jobs going unfilled.” That’s where the federal government comes in. Back in June, the president signed an executive order that increased funding for apprenticeships, increasing the budget from $90 million to $200 million. As Uphoff mentions, it is not immediately clear where this additional funding will be coming from. In The president’s own words, the apprenticeship program is designed to provide “…great jobs without the crippling debt of traditional four-year college degrees.”

Uphoff also references another force working upon the manufacturing industry: technology. As technology advances and improves, its increased presence in the manufacturing industry becomes inevitable. Automation is being utilized more and more to fill the skill gap and keep business producing at a high level. And that’s not necessarily a bad thing. As Uphoff alludes to, automation creates new job opportunities. Not to mention that not all technological improvements are designed to replace humans. Some, such as Google Glass 2.0, are designed to be used as a tool for better worker efficiency. We here at Checkers are excited by the prospect of technology entering our workspace. Currently, we utilize 3D printing technology to reduce prototyping costs, but perhaps some day we’ll be able to 3D print a cable protector. In the mean time, we manufacture all of our cable protectors and wheel chocks the old fashioned way: on a manufacturing floor in Broomfield, Colorado, USA. To learn more about Checkers‘ history and manufacturing processes, click here. To learn about career opportunities at Checkers, click here.

Checkers’ Haiti Mission 2017

Our annual Haiti mission is approaching once again

Checkers' Haiti Mission in partnership with COCINAEvery year, Checkers partners with COCINA, the Coalition of Children in Need Association, for a Haiti mission to send a team of Checkers employees for a week of volunteering. This amazing opportunity allows the Checkers team to expand our perspectives while honoring our core values and reaffirming our commitment to the global community. However, we can’t do it alone. We are currently accepting donations for this wonderful cause, and we hope you will consider giving.

The trips in the past two years have been deeply fulfilling experiences and we expect this year to be no different. The volunteering team will consist of employees from all levels of the company and will engage in a variety of outreach efforts to help Institute Univers, a Haitian school in Ouanaminthe, and the local community. Included in these efforts will be the assembly and distribution of water filtration systems, the construction of a wall around the school (for the security and safety of the students), repainting areas of the school, and teaching basic English lessons to the students.

Honoring our core values

Checkers is committed to a set of values, including people, integrity, learning, laughter, accountability, respect, and safety. We honor the values of people, learning, and laughter with our mission trip. Hoping that our team learns as much from the wonderful Haitian children as they learn from us, and by laughing with them, it will help us all grow as people. And of course, we hope that bonds grow between the team, leading to a better understanding of each other outside of our roles within the company. Learn more about Checkers Safety Group’s core value here.

Dedicated to the global community

We here at Checkers believe that our community is global in scope, a belief that has only been cemented by our transformation from the United States-focused Checkers Industrial Safety Products to the globally-focused Checkers Safety Group. It is important now more than ever to remember our place within the greater global community and today, we’d like to invite you to start your week on a positive note: by donating to our volunteer efforts and helping those in need. We are raising money to help Insitute Univers and the Ounaminthe community and we need all the help we can get. The water pump we distribute costs $32 per unit and can last 10 years. For $32 you could change a Haitian family’s life.

Click here to read more and make a donation.

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