The Riverside Co. has made its sixth add-on to its North Canton-based Area Wide Protective platform, bringing on Safety First Contracting.
“Safety First serves a similar client base to AWP,” said Riverside Managing Partner Suzy Kriscunas. “More than just a good strategic fit, Safety First is a great company with a strong history of meeting the needs of an array of clients across Atlantic Canada.”
Dartmouth, Nova Scotia-based Safety First is AWP’s first Canadian and international addition. It provides outsourced traffic management solutions from eight facilities across Atlantic Canada, adding to AWP’s temporary traffic management to more than 60 facilities across 20 states.
The acquisition continues Riverside’s strategy of geographic expansion for AWP, said Riverside Principal Ryan Richards in a statement.
“AWP now covers most of the Atlantic coast and offers services in 20 states and Canada,” Richards said. “We are excited about continuing to build this exceptional company that provides services that protect lives.” Working with Kriscunas and Richards on the transaction for Riverside were:
- Operating Partner Tom Anderson
- Senior Associate Connor Danielowski
- Associate Ming Yau
Riverside Partner Anne Hayes helped secure financing for the firm. Regional Director Cheryl Strom and Principal Jim Butterfield sourced the deal for Riverside. AWP is supported by the bank group consisting of:
- Antares Capital
- Madison Capital
- MidCap Financial
- NewStar Financial
- Ares Capital Management
- Churchill Asset Management
- Siemens Financial
- Ally Financial
