SMART Safety (“Smart” or the "Company") is a provider of outsourced life safety and compliance management services to a broad group of customers who have safety and compliance program needs but lack sufficient scale to hire dedicated safety staff in-house.
Smart offers a full suite of services to its clients for a monthly subscription fee governed by annual, evergreen contracts.
With most businesses needing safety and compliance management, the Company's solution is applicable across numerous end markets and geographies.
- Recurring, subscription-based revenue from evergreen, annual contracts
- No capex and high EBITDA margins resulting in significant free cash flow
- Substantial growth opportunities with minimal outbound sales effort, historically
- Neglecting or underinvesting in safety can significantly impact a company's ability to win and perform work and has indirect impacts on insurance, workers comp, legal, employee turnover, and other costs
- Cost-effective value proposition that is cheaper and more comprehensive than in-house alternatives