DA Davidson is acting as financial advisor to Kerr Industries Limited in connection with its sale to Safe Fleet

CHICAGO–(BUSINESS WIRE)–DA Davidson & Co. today announced that it has served as financial advisor to Kerr Industries Limited (Kerr) in connection with its sale to Safe Fleet Acquisition Corp. (Safe Fleet), a portfolio company of Oak Hill Capital. Based in Oshawa, Ontario, Kerr is North America’s leading installer and converter of specialty vehicles for law enforcement and emergency vehicles.

Founded in 1952, Kerr is an industry leader providing complete upfitting solutions to the law enforcement, emergency, specialty trade and retail end markets. With its strategically located facilities and key OEM relationships, Kerr is able to serve law enforcement agencies and customers worldwide.

“We are delighted to join Safe Fleet. Their support will strengthen our ability to further invest in the innovation, customer focus and manufacturing quality on which Kerr has built its reputation,” said Steve Somerville, President of Kerr.

Safe Fleet’s acquisition of Kerr will benefit its existing portfolio of safety solutions and expand its network of field-trained installers and commercial vehicle service centers. Kerr will provide access to services, solutions and cross-selling opportunities with new and existing customers in the United States and Canada. Kerr will benefit from Safe Fleet’s extensive security solutions product portfolio, including its advanced video and digital evidence technology.

“Kerr fits perfectly into Safe Fleet’s law enforcement portfolio, adding fit-out expertise in this key market. Their close relationships with some of the largest law enforcement agencies, OEMs and parts manufacturers, backed by a relentless focus on the customer experience, have made them the go-to vehicle restorer for the forces of the order,” said John Knox, President and CEO. Safety Fleet Officer.

“It was a pleasure to work with Brad Baker, his family and Steve Somerville on this important transaction for Kerr. We are excited about the future of the business as part of Safe Fleet,” said Eric Stetler, Managing Director of DA Davidson’s Diversified Industrials Investment Banking Group.

The transaction represents another successful closing by DA Davidson’s Diversified Industrials Investment Banking group. Over the past 12 months, Davidson’s Machinery and Equipment practice has completed six advisory transactions representing over $1.5 billion in value.

DA Davidson’s Investment Banking division is a leading full-service investment bank offering comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four verticals: consumer, diversified industries, financial institutions and technology. Together with its European strategic partner, MCF Corporate Finance, DA Davidson initiates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.

About DA Davidson Companies

DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 with headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,525 employees and offices in 27 states.

Subsidiaries include: DA Davidson & Co., a full-service investment firm providing wealth management, investment banking, capital markets and fixed income services, and advice; Davidson Investment Advisors, a professional asset management firm; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser that provides fixed income portfolio and advisory services.

For more information, visit dadavidson.com.

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