National Trench Safety (NTS) and Trench Plate Rental Company (TPRC), providers of trench safety solutions, have announced that they have entered into a merger agreement. The combined company will be majority owned by Tailwind Capital.
NTS was founded by President and Chief Executive Officer Ronald Chilton, who has led the business since 2003. NTS provides mission-critical safety solutions to over 4,000 customers, for trench shoring products and solutions for complex, highly engineered projects.
Founded in 1979, TPRC is led by Phil Mason, President and Chief Executive Officer. TPRC provides a wide range of trench safety solutions including slide rail systems, trench boxes, aluminum shores as well as trench plates and traffic control equipment. TPRC focuses on infrastructure-related markets.
The combined company will operate under the National Trench Safety brand and will be led by Phil Mason as President and CEO. The business will offer a full suite of trench safety solutions, with national service capabilities. “I look forward to joining forces with National Trench Safety as we bring together our complementary businesses to drive unmatched customer service and continued growth,” said Phil Mason. “The merger will allow the combined company to better serve our customers on a national scale with an enhanced fleet, improved service capabilities, and expanded footprint.”
TPRC Chairman and Tailwind Operating Executive, Bruce Dressel, noted “Over the last 18 years, Ron Chilton has built a nationally renowned trench safety solutions platform with a stellar reputation. We are pleased to partner with the NTS team and look forward to driving longterm sustainable growth…We believe that the combined platform will allow us to better serve our customers and will provide exciting opportunities for our employees. I look forward to welcoming Ron to our board, where his deep industry knowledge and strategic insight will help further define our growth aspirations.” Bruce joined Tailwind Capital in 2020 as an Operating Executive. He became TPRC chairman in January 2021 and is the former COO of Herc Holdings, Inc. and former CEO and President of Sunbelt Rentals.
Based in Houston, Texas, and founded in 2003, NTS is an independent national provider of trench shoring and safety solutions. NTS serves over 4,000 customers through an international network of 33 U.S.-based and two U.K.-based branches.
Based in Artesia, California, and founded in 1979, TPRC has grown into a national provider of trench safety and traffic control solutions to the underground construction and infrastructure related industries. TPRC serves over 5,000 customers through a network of 37 branch locations across the U.S.
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within industrial, technology and business services and healthcare. Tailwind partners with experienced management teams and entrepreneurs to transform business through organic growth initiatives, acquisitions, and operational and strategic investments. Since its inception, Tailwind has managed $3.7 billion of committed equity capital, and has invested in 46 portfolio companies and over 125 add-on acquisitions.