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DLJ Merchant Banking Partners completes acquisition of Total Safety U.S., Inc.

December 8, 2006

DLJ Merchant Banking Partners, a private equity investment affiliate of Credit Suisse, announced today that it has completed its acquisition of Total Safety U.S., Inc. (“Total Safety” or the “Company”) from H.I.G. Capital LLC.  Total Safety is the leading outsourced provider of mission-critical industrial safety services and equipment to the refining, petrochemical, upstream and general industrial markets.  Headquartered in Houston, Texas, Total Safety serves a diverse global customer base either on-site or through one of its 27 regional centers.  The Company combines a comprehensive suite of safety products for sale or rent with a range of value added services to offer facilities a single outsourced solution for their safety needs.  The Company’s primary products include respiratory protection equipment, gas detection and monitoring devices, fire suppression equipment and general training services.  Within each of the product lines, the Company provides a variety of services including repair, inspection and preventative maintenance that improve safety compliance levels.  The Company, with approximately $110 million in annual sales, has recently accelerated its growth profile through geographic expansion and strategic acquisitions.  Terms of the transaction were not disclosed.

Total Safety U.S., Inc. was formed in December of 1994 to serve the safety needs of the oil and gas industry worldwide.  Over several years, the Company transformed itself through internal growth and acquisitions to become the industry leader in a comprehensive array of safety services in a variety of end markets.  Shortly after the Company acquired Well Safe, Inc. in April 2004, a new management team was put in place to execute a growth strategy.  Under the management team’s leadership, the Company has expanded the breadth of its product and service offerings and its geographic reach with the goal of transforming Total Safety into the premier global provider of integrated safety strategies and solutions for hazardous environments.

“We are excited about the opportunity to partner with the current management team of Total Safety to continue to expand the Company’s footprint.” said Susan Schnabel, a partner at DLJ Merchant Banking Partners.  “As the leading provider of outsourced safety services, Total Safety is uniquely positioned in the marketplace with significant growth opportunities going forward.”

“DLJ Merchant Banking is an ideal partner for Total Safety as we continue to grow our Company both organically and through acquisitions.  The entire Total Safety team looks forward to continuing our recent momentum and stands committed to ensuring the safe wellbeing of workers worldwide” said David Fanta, CEO of Total Safety.

For more information about Total Safety or any of our industrial safety services or equipment, give us a call at 888.44.TOTAL.

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