Mill Point Capital has signed a definitive agreement to acquire Total Safety Supplies and Solutions, Inc., a leading distributor of industrial maintenance, repair, and operations products, including safety and personal protective equipment, from Total Safety U.S., Inc. The acquisition represents Mill Point’s 20th corporate carve-out and will transition TSSS into a standalone platform business under independent ownership. The transaction is subject to regulatory approvals and other customary conditions and is expected to close later in 2026. Financial terms were not disclosed.
Founded in 1983 and headquartered in Fairfield, California, TSSS is a value-added distributor of industrial tools and supplies serving large industrial end users across the utility, transportation, and downstream sectors. The company operates a network of 13 distribution centers, 20 on-site customer stores, and manages more than 850 vendor-managed inventory solutions, supported by a portfolio of technology-enabled procurement services. TSSS maintains long-tenured relationships with marquee customers through customized service offerings and value-added programs that deliver year-over-year cost savings while streamlining indirect spend. Sean Nacey, currently President of TSSS, will be promoted to Chief Executive Officer upon closing.
New York-based Mill Point Capital is a private equity firm focused on control investments in lower-middle market companies across business services, industrials, and IT services throughout North America. The firm said TSSS’s deeply embedded customer relationships and differentiated service model make it a compelling standalone platform with meaningful opportunities to expand wallet share and broaden geographic footprint.
Support: Baird and Moelis served as financial advisors to Mill Point, with McDermott Will & Schulte as legal counsel. Jefferies acted as sell-side advisor, and Troutman Pepper Locke served as counsel for Total Safety.
KEY QUOTES:
“TSSS has earned the trust of a premier customer base through a track record of delivering mission-critical service when it matters most. TSSS is a high-quality distribution platform with deeply embedded customer relationships and a differentiated service model that is difficult to replicate. We look forward to partnering with Sean and the management team to invest behind the Company’s momentum, expand wallet share with new and existing customers and broaden the geographic footprint.”
Michael Duran, Founder and Managing Partner, Mill Point Capital
“On behalf of the entire TSSS organization, I am thrilled to be partnering with Mill Point as we begin our next chapter as an independent platform business. Mill Point’s deep domain knowledge of value add distribution, along with their operational resources and value creation focus, are an ideal fit for our employees, customers, and suppliers.”
Sean Nacey, President and incoming Chief Executive Officer, Total Safety Supplies and Solutions
