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
