April 4, 2023

Alpha Safety Completes Add-on Acquisition of Pajarito Scientific Corporation

Benford Capital Partners (“Benford Capital” or “BCP”), a Chicago-based private equity investment firm, is pleased to announce that its portfolio company, Alpha Safety Holdings, LLC (“Alpha Safety”), has completed the acquisition of Pajarito Scientific Corporation (“PSC” or “Pajarito”). PSC joins Alpha Safety to create a leading expert in the safe handling, storage, transportation, and analysis of nuclear material.

Founded in 1986 and based in Santa Fe, New Mexico, PSC provides equipment and services related to nuclear material characterization, radiation safety, modular panel containment systems, specialty ventilation systems, and other highly engineered products and technical services that support critical safety across Department of Energy and commercial nuclear clients.  PSC will continue to operate from its current locations with ongoing leadership from Martin Clapham, Chief Science Officer, and Jeremy Heath, Vice President, in cooperation with the Alpha Safety leadership team.

Terry Wickland, CEO of Alpha Safety, commented, “We have long admired PSC’s technology and expertise as we grew on similar timelines.  This acquisition combines our distinctive capabilities to better serve our Department of Energy and commercial nuclear customers with highly engineered safety solutions. Together we provide a complementary offering of innovative technologies, products, and technical services that are unique to the industry.”

Brian Behm, a Principal at BCP, noted, “We are thrilled to continue building our Alpha Safety platform with the addition of Pajarito. The Company’s characterization and measurement technologies, along with containment and alarm systems, are an ideal complement to Alpha’s expertise in storage, handling, transportation, and analysis of nuclear material and related waste.”


About Benford Capital Partners

Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management.  Since inception, Benford Capital has acquired over 40 companies and currently owns 14 platform companies.  BCP’s industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services.  For more information, please visit: www.benfordcapital.com.

Please contact Ed Benford (ed@benfordcapital.com), Brian Behm (bbehm@benfordcapital.com), or Brian Staff (brian@benfordcapital.com) with any questions or add-on acquisition ideas for Alpha Safety.