Partners Group-backed SureWerx acquires Italy’s Genesi
SureWerx, a portfolio company of Partners Group, has acquired Genesi, a Bergamo, Italy-based provider of work-at-height and confined space safety products. This acquisition expands SureWerx’s fall protection platform into Europe. Genesi has been developing its safety product portfolio for over two decades. SureWerx is co-headquartered in Vancouver, Canada, and Elgin, Illinois, and markets products under more than 15 brands.
Partners Group portfolio company SureWerx has acquired Genesi, a provider of work-at-height and confined space safety products. Genesi is based in Bergamo, Italy. The financial terms of the transaction were not disclosed. This acquisition marks a strategic move by SureWerx to expand its market reach and product offerings. The acquisition of Genesi by SureWerx is expected to bolster the latter's presence in the European market. Genesi's specialized product portfolio in fall protection and confined space safety complements SureWerx's existing offerings. This expansion into Europe allows SureWerx to serve a broader customer base with a more comprehensive suite of safety solutions. This transaction also highlights the continued activity in the industrial safety and equipment sector. The move by Partners Group-backed SureWerx to acquire Genesi indicates a focus on consolidating market share and expanding geographical reach within the safety products industry. This signals a sustained investor interest in companies that provide essential industrial safety equipment, particularly those with established product lines and market presence.