Global safety solutions provider United Safety and Survivability Corporation (USSC) has been acquired by venture capital and private equity firm Cogenuity Partners.
Private equity firm Dubin Clark revealed it sold the portfolio company USSC to Cogenuity Partners.
USSC designs, engineers and manufacturers safety products for transport markets, including the Australasian bus and coach industry.
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The sale follows a successful partnership between Dubin Clark and USSC, during which USSC underwent a notable transformation and achieved “significant growth” in several key areas, according to Dubin Clark.
Under Dubin Clark’s ownership, USSC expanded its headquarters and US manufacturing facility, developed R&D capabilities, integrated multiple acquisitions and realised meaningful organic growth in fire suppression, operator safety and passenger safety.
“Joe Mirabile and the whole USSC management team have built a winning culture and took the company to new heights,” Dubin Clark partner Michael Hompesch says.
“Their efforts and key investments in the business have resulted in a deep portfolio of safety and survivability solutions. We believe the company is well-positioned for continued growth, and I am excited to follow their continued success.”
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