Promise to Perform Industries acquires Transol Corp and its subsidiaries
Promise to Perform Industries Inc has acquired all the assets of Transol Corporation. The acquisition includes all of Transol Corporation’s subsidiaries, including Spanco Inc, Rigid Lifelines Inc, and Lug-All Corporation – leading American manufacturers of overhead material handling systems, fall protection systems, and manual cable and web strap come along ratchet winch hoists, respectively.
The acquisition was a management buyout, which will ensure maximum continuity for customers, employees, and vendors. The three shareholder managers, Jeff Brazwell, Arnie Galpin, and Shawn Trexler, have more than 78 years of combined industry experience, 34 of which were at Spanco, Rigid Lifelines, and Lug-All.
The three employees participating in the buyout are: former vice president of sales, Jeff Brazwell, former vice president of engineering, Arnie Galpin, and former senior operations manager, Shawn Trexler.
“Spanco, Rigid Lifelines, and Lug-All are venerable companies with long traditions of quality and performance,” said Jeff Brazwell, president and CEO of Promise to Perform Industries, Inc. “We look forward to building on that success through a dedication to the fundamentals of what made these companies great.”
The management buyout of Transol Corporation by Promise to Perform Industries, Inc enhances the company’s position in the overhead material handling, fall protection, and manual cable and web strap come along ratchet winch hoist markets by leveraging the direct knowledge and experience the new owners obtained in their previous roles and using this knowledge to guide the companies into a new and exciting chapter.