NEW YORK (AP) — Investment firm Kohlberg Kravis Roberts & Co. LP said Monday that it agreed to buy Capital Safety for $1.12 billion. Capital Safety makes body harnesses, lifelines, hoists and other equipment to protect people from falls at industrial and residential sites.
KKR is acquiring the company from private equity firm Arle Capital Partners.
KKR said it sees attractive prospects in the fall protection business because of its ties to the energy and infrastructure industries, with potential for growth as more safety regulations …
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