Spring Capital Partners IV, L.P. has closed an investment in Forfend Industries Inc. to support its acquisition of FiberTex & Supply, enhancing Forfend's capabilities in the marine safety industry.

Information on the Target

Forfend Industries Inc. was established in 2024 as a strategic platform aimed at acquiring companies in the marine safety sector. The company’s inaugural acquisition was Billy Pugh Corporation, situated in Corpus Christi, Texas. This firm specializes in personnel transfer systems and offshore safety equipment, thereby laying a robust foundation for Forfend's growth trajectory. Forfend Industries is committed to developing an ecosystem of market-leading manufacturers whose products are essential to their customers' operational safety.

Industry Overview in the United States

The marine safety industry in the United States has been witnessing significant growth due to the increasing demand for safety solutions in offshore operations, alongside stringent regulatory measures governing marine safety protocols. Key players within this sector are actively engaged in innovation and development to offer cutting-edge solutions that adhere to safety regulations.

With the rise of offshore activities and maritime operations, several manufacturers are stepping up to meet the safety needs of workers. This creates a competitive landscape where the focus is on rel