SUCCESS STORY

Checkers Safety Group

Value-Added Distributor | Broomfield, Colorado

Company

Founded in 1987, Checkers is a leading designer, manufacturer and marketer of industrial products for vehicular and workplace safety and asset protection.

Objective

After seeking a safety-related business with add-on acquisition potential, Tonka Bay acquired Checkers in 2010 to help the company recapitalize for growth following the exit of its founder.

Results

During our ownership, Checkers sales grew by 175% and EBITDA improved 118%. This was achieved through international expansion, new product development and end-market diversification, plus the addition of three add-on acquisitions.
“Tonka Bay’s focused strategy, operating resources and commitment to our business allowed us to increase our growth.” Ray Torres, CEO, Checkers Safety Group

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Checkers Safety Group

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Recapitalized after triple-digit sales and EBITDA percentage increases.

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OUR APPROACH