April 15, 2023

New York, NY, April 21, 2023 – Safety Management Group, LLC (“SMG”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired Trinity Safety Group, LLC (“Trinity” or the  “Company”). Headquartered in Indianapolis, IN, Trinity is a leading provider of safety services to clients across the United States. Terms of the transaction were not disclosed.

Founded by Jason Jones in 2002, Trinity is a leading provider of safety services to numerous end-markets, including insurance, municipalities, and manufacturing. The Company’s client-first mentality and focus on providing the highest quality safety support creates a seamless cultural fit with SMG’s existing organization. Additionally, Jason Jones will continue to be a key contributor to the combined business post-close.

Jason Jones, President of Trinity commented, “We are excited for the partnership with SMG and NMS. We believe the combination of resources, infrastructure, and relationships will accelerate our growth  trajectory while maintaining our focus on providing the highest quality safety services for our clients. I have known the team at SMG for many years and am confident in our aligned values and mission, which has been core to our success to-date.”

Randy Gieseking, President of SMG, added “Trinity’s growth mindset combined with its focus on safety, quality and client service aligns with our core values at SMG. I’ve known Jason personally for many years, so the combination of Trinity and SMG is a natural fit. We look forward to the partnership and welcome the team at Trinity.”

Noel Jeon, Managing Director at NMS Capital, said “We are thrilled for Jason and the team at Trinity to join SMG as we continue to grow and add more capabilities to better serve our
clients. We see immediate value through the combination of both companies’ unique customer bases, end-market expertise, and teams of safety professionals. Furthermore, the shared vision and fit between management has been clear since our first conversation with Trinity.”

SMG will continue to evaluate and pursue strategic acquisitions to accelerate growth as a key part of its strategy.

Greenberg Traurig, P.A. provided legal counsel to SMG. Cox, Sargeant & Burns, P.C. provided legal counsel to Trinity. Maranon Capital, LP provided debt financing to support the transaction.

About Safety Management Group

Founded in 1991 with headquarters in Indianapolis, Safety Management Group (“SMG”) is an industry-leading safety, environmental, and health services firm working across the U.S. to serve utilities, construction firms, health and pharmaceutical companies, manufacturers, and other industries. The team of more than 250 safety and environmental professionals is dedicated to setting the industry standard through technology, creativity, and innovation. More information on the company’s complete line of services and solutions is available at www.safetymanagementgroup.com

About NMS Capital

Founded in 2010, NMS Capital is an experienced private equity firm managing assets in
excess of $1.5 billion. Since inception, NMS has partnered with management teams in over 115
investments and follow-on acquisitions across defined investment themes within the
Business Services and Healthcare Services industries. The firm’s principal strategy is to
create long-term value by providing strategic and operational resources to growth-oriented
companies led by founders or experienced management teams. NMS has successfully built
lower middle market companies in defensible and scalable end markets by accelerating
organic and acquisition-driven growth.

For additional information on NMS, please visit the firm’s website at http://www.nms-capital.com. Follow NMS Capital on http://www.linkedin.com/company/nms-capital.

For further information:

Randy Gieseking
President
SMG
(317) 873-8369
randygieseking@safetymanagementgroup.com

Noel Jeon
Managing Director
NMS Capital
(212) 574-7003
njeon@nms-capital.com