The Business
Ergodyne (www.ergodyne.com) is a St. Paul, Minnesota-based designer and marketer of critical-use personal protective equipment (PPE) in the U.S. and internationally. As one of the most authentic, venerable, and trusted brands in the PPE industry for over three decades, Ergodyne is widely recognized as an innovator of high-quality, functional, and fashion-forward products that offer above-standard safety and value to customers and end users. Since its founding, Ergodyne’s offering has grown from a single product to a full line of work gear, all precision crafted to provide protection, promote prevention, and manage the elements for workers on jobsites worldwide. Ergodyne’s branded portfolio of product solutions features over 750 models and is marketed to leading distributors and retailers serving diverse end markets.

 

The Industry
Ergodyne is a highly-differentiated leader within the $10+ billion U.S. PPE market, which is expected to experience long-term growth due to several favorable market dynamics, including (i) increasingly stringent health and safety regulations, (ii) unacceptably high incidence of worker injuries, deaths and associated costs, (iii) product innovation and technology advancements, and (iv) strong, growing end-use markets for PPE.

 

The Process
Prestwick initiated this transaction and acted as the exclusive financial advisor to Ergodyne and its shareholder. Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with Klein Tools, an Illinois-based manufacturer of premium- quality, professional-grade hand tools. Prestwick’s process included both domestic and international strategic acquirers as well as private equity groups.