Durite has been acquired by Safe Fleet
Arrowpoint Advisory has advised Durite, the UK’s leading brand in Vehicle Safety, Lighting and Auto Electrical parts for commercial vehicles and general automotive aftermarket, on its sale to Safe Fleet, a global leader in fleet safety solutions headquartered in Belton, Missouri, USA.
Durite is the leading “one-stop brand” for electrical, lighting, and vehicle safety aftermarket products for commercial vehicles in the UK and Ireland. As the supplier of choice to the UK’s backbone transport infrastructure, Durite’s products are used by most fleets and commercial vehicle end-users. 5000+ commercial vehicle products are available through Durite’s website and flagship catalogue – regarded as the industry ‘bible’ for electrical parts. With over 80 years in business, Durite has seen significant growth over the past few years, especially in all-round safety equipment and lighting for commercial vehicles. Becoming part of the Safe Fleet family will enable Durite to access strong research & development capability, allowing them to broaden their range of technologically advanced safety products.
Safe Fleet owns a portfolio of market-leading brands that provide safety solutions to fleet vehicle manufacturers and operators around the world. Their reputable smart solutions form an integrated safety platform for fleets of every type: Public service, Truck & Trailer, Construction, Agriculture, Waste & Recycling. With over 1,700 employees and 14 manufacturing locations, Safe Fleet continues to innovate and deliver the smart safety solutions fleets need to thrive in a changing world, and ensure that drivers, passengers, and everyone around them arrives home safely.
Durite provides an extremely good fit for Safe Fleet’s targeted growth strategy to acquire market-leading brands offering innovative safety products. With Durite, Safe Fleet will broaden its commercial vehicle product offering and global reach.
The existing Durite leadership team will continue to manage the business moving forward. The strong Durite brand, business and website will continue to be managed as a stand-alone entity.
Pierre Nadeau, Managing Director at Durite, said: “Fleet and road safety is a primary concern for the UK, Ireland and European Transport Industry. This strategic move is a very positive change for Durite Ltd. It will allow us to continue to innovate to offer best-in-class safety solutions to our markets. We are excited to join Safe Fleet and look forward to a successful future together.”
Steven Fobel, Director at Durite, commented: “We are delighted to have chosen Arrowpoint Advisory to support us on this exciting milestone. Their deep knowledge of the Fleet Solutions and Logistics sector helped us to identify Safe Fleet as an excellent partner to further our growth plans - they worked with us every step of the way to ensure this successful outcome.”
Barry Sheehan, Director, Arrowpoint Advisory, added: “Durite is an exceptional brand, with an outstanding distribution network and its growing presence in the video solutions market is an excellent strategic fit for Safe Fleet. We are proud to have supported the Durite team and also helped Safe Fleet to make their first acquisition outside of North America.”