Penfund’s JET Group acquires PeakWorks

January 20
18:50 2014

The JET Group, a portfolio company of Penfund, has acquired PeakWorks Inc., a leading Canadian brand of fall protection, fall rescue and confined space safety products. Financial terms were not disclosed.

The acquisition of PeakWorks broadens JET’s safety product offering by adding a portfolio of professional Personal Protective Equipment (PPE) to complement its existing Pioneer-branded safety apparel product line.

“We are very excited about the prospects of combining these two companies. PeakWorks offers the expertise, product line and technical knowledge required to service this critical market. The JET Group offers an unparalleled delivery system to the Canadian industrial, construction, safety and automotive markets through its six warehouses, large corporate sales force and loyal distribution network coast-to-coast. Together we will deliver this exciting brand across the country,” commented Chris Baby, President and COO of the JET Group.

Beginning in Spring 2014, PeakWorks’ products will be available from all six JET Group locations in Canada and processed along with orders for JET, Strongarm and Pioneer branded products.

Vaughan, Ontario based PeakWorks was founded in 2008 by three fall protection specialists, Tim Accursi, Gabriele Fusco (P. Eng.) and John Leavitt (P. Eng.) All three will be joining the JET Group and will remain focused on the product, service and sales development of the fall protection category.

In November 2012, Penfund IV acquired JET Group including JET Equipment & Tools Ltd., Pioneer Protective Products Ltd. and American Forge & Foundry, Inc.

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