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PEC Safety and Veriforce Merge to Create Safety and Compliance Platform

Print Article Contributed by FSM Staff

MANDEVILLE, LA and HOUSTON -- PEC Safety and Veriforce announced that they have merged to create a new organization with a unified mission of reducing risk in hazardous work environments to help bring workers home safely each day.

The combined company has the industry's largest interconnected safety and compliance network comprised of 350 hiring clients, 25,000 contractor companies, 11,000 accredited safety trainers and authorized evaluators, 400 industry-standard training courses, and 1.5 million individual workers and will provide the most comprehensive and integrated risk management solution available.

PEC and Veriforce pioneered new standards in worker safety and competency, blazing new trails by blending modern technology and deep domain expertise to drive related operational effectiveness and efficiency. With more than four decades of leadership in developing solutions that assure safety standards and worker competency and qualification requirements are attained, the combined company is well-positioned to lead the rapidly growing, $14 billion market for supply chain risk management solutions.    

Thoma Bravo, a leading private equity investment firm focused on software and technology-enabled services, acquired PEC Safety in December 2018 and helped deepen PEC's core capabilities, expand into other verticals and broaden PEC's software and content offerings.

PEC and Veriforce's 350 combined hiring clients include leading companies across industry verticals including oil and gas, renewable energy, pharmaceutical, manufacturing, chemicals, construction, utilities, aggregates, environment services and transportation. These enterprises depend on PEC and Veriforce for assurance that their contractors and onsite workers are qualified and operate safely.

"What makes this merger uniquely impactful is that we're bringing together two industry powerhouses that address risk at both the company and individual levels," said Colby Lane, CEO of PEC. "Combined, we will be better able to execute on our mission to bring home workers safe, and together we will have a stronger offering to solve safety and compliance challenges for our customers."

"This is a merger of two companies that are relentlessly focused on solving industry challenges in unique and innovative ways," stated Louie Werderich, the newly appointed Vice Chairman of the combined company, who previously served as CEO of Veriforce. "We've developed the leading single-source compliance solution with employee-level verification that enables new levels of efficiency, accuracy, and effectiveness. It's this approach that empowers our clients to outperform industry benchmarks for safety and compliance statistics consistently."

The new company is led by CEO Colby Lane with Louie Werderich assuming the role of Vice Chairman. Co-headquarters for the combined organization remain in Mandeville, LA. and Houston, Texas.

Greenridge Investment Partners, an Austin-based private equity firm, originally invested in Veriforce in 2014 and will remain a shareholder in the combined company.





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