Penfund's JET Group acquires fall protection manufacturer PeakWorks
The JET Group has bought for an undisclosed sum PeakWorks Inc, a Hamilton, Ont.-based fall protection, fall rescue and confined space safety products manufacturer focused on the construction and industrial markets. According to The Jet Group, the deal broadens its safety product offering by adding a portfolio of professional personal protective equipment. Based in Vancouver, The Jet Group brings together several leading brands servicing the professional tool, equipment and safety clothing markets. The company and its subsidiaries were acquired by Canadian private equity firm Penfund from Diamond Investment Group Ltd in Nov. 2012. Penfund has invested more than $2.5 billion in over 220 companies since its establishment in 1979.
21 January 2014•3 mins read
