Promise to Perform Industries, Inc. Announces Acquisition of Transol Corporation and Its Subsidiaries
Promise to Perform Industries, Inc., announces it acquired substantially all the assets of Transol Corporation on Oct. 29, 2021. The acquisition includes all of Transol Corporation’s subsidiaries, including Spanco, Inc.; Rigid Lifelines, Inc.; and Lug-All Corporation — 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 to customers, employees and vendors. The three employees participating in the buyout were former vice president of Sales, Jeff Brazwell; former vice president of Engineering, Arnie Galpin; and former senior operations manager, Shawn Trexler. The three managers have over 78 years of combined industry experience, 34 of which were at Spanco, Rigid Lifelines, and Lug-All.
“Spanco, Rigid Lifelines, and Lug-All are venerable companies with long traditions of quality and performance,” says 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 companies’ positions 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 applying this knowledge to guide the companies into a new and exciting chapter.