Trending...
- Crunchbase Ranks Phinge Founder & CEO Robert DeMaio #1 Globally. Meet him in Las Vegas-Week of CES to Learn About Netverse, Patented App-less Platform
- Terizza Forms Strategic Collaboration with UC San Diego to Pioneer Next-Generation Distributed AI Infrastructure
- Peter J. D'Arruda Founder of Capital Financial Joins Tom Hegna on the Podcast "Financial Freedom with Tom Hegna"
CHARLOTTE, N.C., June 2, 2021 /PRNewswire/ -- Charlotte-based private equity firm Falfurrias Capital Partners today announced it has facilitated the add-on acquisition of Upside Innovations by its portfolio company SixAxis LLC, which is headquartered in Andrews, South Carolina. Terms were not disclosed.
Based in the Cincinnati suburb of West Chester, Ohio, Upside Innovations designs, manufactures and installs modular, customized aluminum stairs, ramps and canopies. The company's product line is a perfect complement for SixAxis, the leading manufacturer of safety and fall protection equipment, loading racks and other industrial solutions that was purchased by Falfurrias in 2017.
"Upside Innovations does for accessibility what SixAxis does for workplace safety, so the businesses are extremely compatible," said SixAxis CEO Rob Honeycutt, who says his firm of 300+ employees had been looking for its first acquisition for some time. "Both companies share a similar DNA, an entrepreneurial spirit and a customer-centric philosophy. We both rely upon advanced modular design and manufacturing capabilities to produce sound, highly engineered solutions in a fraction of the time a true custom fabrication would require, which is a significant competitive advantage in the market."
Upside Innovations founder Kevin Sharp will remain as president, reporting to Honeycutt, and the company's 65-person headquarters and manufacturing facility will remain in West Chester. No workforce reductions are anticipated as a result of the merger; in fact, the principals anticipate considerable growth potential from the new partnership.
More on ncarol.com
"We are excited to be joining a company where we can benefit from their advanced capabilities in product design, materials sourcing, sales and marketing, human resources and other resources that will help us grow," said Sharp, a mechanical engineer who was inspired to start the company by the accessibility challenges facing his polio-surviving grandfather. "This partnership promises tremendous growth opportunities for our company and our people."
The deal is consistent with Falfurrias' "Industry First" investment approach of identifying categories with significant growth potential, then making strategic acquisitions that yield enhanced intellectual and operational efficiencies for greater financial performance.
"We see tremendous synergies between these two companies," said Falfurrias Partner Chip Johnson. "They employ many of the same design and manufacturing principles but target different yet complementary customers. And Upside's location in Ohio will be advantageous in terms of access to materials, shipping and human capital. This partnership makes us better positioned to capitalize on the multibillion-dollar market for highly engineered safety and accessibility solutions."
About SixAxis LLC
SixAxis was founded by Fred Harmon and Rob Honeycutt in 2002 to deliver high-quality loading rack and fall protection solutions to companies around the world. The company has developed a portfolio of 13 diverse brands including SafeRack, ErectaStep, RollaStep, PerfectaStep, AeroStep and MarinaStep, all created to engineer and manufacture advanced products that increase safety and boost productivity. Additionally, SixAxis software solutions are engineered to simplify technology and propel industry leaders worldwide. For more information about how SixAxis is changing the world of manufacturing with a diverse array of innovative products and solutions that are made to give your business a competitive edge, visit www.sixaxisllc.com.
More on ncarol.com
About Upside Innovations
Upside Innovations was founded in 2009 by Kevin Sharp, a mechanical engineer who grew up watching his grandfather, a World War II and polio survivor, struggle to gain access to everyday places. That experience was the inspiration used to find better solutions for designing and building ADA-compliant ramp and step systems. Since the beginning, Upside's focus has been to fill a gap in the market by providing a high quality, attractive ramp system, while providing world-class service to the industry. For more information about the company, visit www.upsideinnovations.com.
About Falfurrias Capital Partners
Falfurrias Capital Partners is a Charlotte-based private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised approximately $1 billion across four funds and invests in growing, middle-market businesses in sectors where the firm's operational resources, relationships and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. Falfurrias Capital Partners employs a proprietary, research-based process called "Industry First" to identify markets with durable growth trends, construct a thesis based on research findings, and partner with management teams to create strategic value. For more information, visit www.falfurriascapital.com.
SOURCE Falfurrias Capital Partners
Based in the Cincinnati suburb of West Chester, Ohio, Upside Innovations designs, manufactures and installs modular, customized aluminum stairs, ramps and canopies. The company's product line is a perfect complement for SixAxis, the leading manufacturer of safety and fall protection equipment, loading racks and other industrial solutions that was purchased by Falfurrias in 2017.
"Upside Innovations does for accessibility what SixAxis does for workplace safety, so the businesses are extremely compatible," said SixAxis CEO Rob Honeycutt, who says his firm of 300+ employees had been looking for its first acquisition for some time. "Both companies share a similar DNA, an entrepreneurial spirit and a customer-centric philosophy. We both rely upon advanced modular design and manufacturing capabilities to produce sound, highly engineered solutions in a fraction of the time a true custom fabrication would require, which is a significant competitive advantage in the market."
Upside Innovations founder Kevin Sharp will remain as president, reporting to Honeycutt, and the company's 65-person headquarters and manufacturing facility will remain in West Chester. No workforce reductions are anticipated as a result of the merger; in fact, the principals anticipate considerable growth potential from the new partnership.
More on ncarol.com
- Kentucky Judges Ignore Evidence, Prolong Father's Ordeal in Baseless Case
- Contracting Resources Group Receives 2025 HIRE Vets Platinum Medallion Award from the U.S. Department of Labor
- Peter J. D'Arruda Founder of Capital Financial Joins Tom Hegna on the Podcast "Financial Freedom with Tom Hegna"
- Crunchbase Ranks Phinge Founder & CEO Robert DeMaio #1 Globally. Meet him in Las Vegas-Week of CES to Learn About Netverse, Patented App-less Platform
- Run the Diamond Releases New Winter Workout Album for Baseball and Softball Athletes
"We are excited to be joining a company where we can benefit from their advanced capabilities in product design, materials sourcing, sales and marketing, human resources and other resources that will help us grow," said Sharp, a mechanical engineer who was inspired to start the company by the accessibility challenges facing his polio-surviving grandfather. "This partnership promises tremendous growth opportunities for our company and our people."
The deal is consistent with Falfurrias' "Industry First" investment approach of identifying categories with significant growth potential, then making strategic acquisitions that yield enhanced intellectual and operational efficiencies for greater financial performance.
"We see tremendous synergies between these two companies," said Falfurrias Partner Chip Johnson. "They employ many of the same design and manufacturing principles but target different yet complementary customers. And Upside's location in Ohio will be advantageous in terms of access to materials, shipping and human capital. This partnership makes us better positioned to capitalize on the multibillion-dollar market for highly engineered safety and accessibility solutions."
About SixAxis LLC
SixAxis was founded by Fred Harmon and Rob Honeycutt in 2002 to deliver high-quality loading rack and fall protection solutions to companies around the world. The company has developed a portfolio of 13 diverse brands including SafeRack, ErectaStep, RollaStep, PerfectaStep, AeroStep and MarinaStep, all created to engineer and manufacture advanced products that increase safety and boost productivity. Additionally, SixAxis software solutions are engineered to simplify technology and propel industry leaders worldwide. For more information about how SixAxis is changing the world of manufacturing with a diverse array of innovative products and solutions that are made to give your business a competitive edge, visit www.sixaxisllc.com.
More on ncarol.com
- IODefi Introduces New Web3 Infrastructure Framework as XRP Ledger Development Gains Global Attention
- Terizza Forms Strategic Collaboration with UC San Diego to Pioneer Next-Generation Distributed AI Infrastructure
- EnergyStrat Launches Global LNG Risk Outlook 2025–2030
- LTL Claims Ratio Index – Update 3Q25
- Strong Revenue Gains, Accelerating Growth, Strategic Hospital Expansion & Uplisting Advancements: Cardiff Lexington Corporation (Stock Symbol: CDIX)
About Upside Innovations
Upside Innovations was founded in 2009 by Kevin Sharp, a mechanical engineer who grew up watching his grandfather, a World War II and polio survivor, struggle to gain access to everyday places. That experience was the inspiration used to find better solutions for designing and building ADA-compliant ramp and step systems. Since the beginning, Upside's focus has been to fill a gap in the market by providing a high quality, attractive ramp system, while providing world-class service to the industry. For more information about the company, visit www.upsideinnovations.com.
About Falfurrias Capital Partners
Falfurrias Capital Partners is a Charlotte-based private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised approximately $1 billion across four funds and invests in growing, middle-market businesses in sectors where the firm's operational resources, relationships and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. Falfurrias Capital Partners employs a proprietary, research-based process called "Industry First" to identify markets with durable growth trends, construct a thesis based on research findings, and partner with management teams to create strategic value. For more information, visit www.falfurriascapital.com.
SOURCE Falfurrias Capital Partners
Filed Under: Business
0 Comments
Latest on ncarol.com
- Accelerating Precious Metals Expansion and Digital Asset Innovation Ahead of 2026: Asia Broadband Inc. (Stock Symbol: AABB)
- Naturism Resurgence (NRE) Announces the World's First Standardised Stigma Measure (SSM) for Naturism
- London Art Exchange Emerges as a Leading Force in UK Contemporary Art, Elevating Three Artists to Secondary-Market Success
- myLAB Box Expands, Becoming the First and Only At-Home Testing Company to Serve the Entire Family—Human and Furry—with New Pet Intolerance Test
- Entering 2026 with Expanding Footprint, Strong Industry Tailwinds, and Anticipated Q3 Results: Off The Hook YS Inc. (N Y S E American: OTH)
- Tiger-Rock Martial Arts Appoints Jami Bond as Vice President of Growth
- Super League (N A S D A Q: SLE) Enters Breakout Phase: New Partnerships, Zero Debt & $20 Million Growth Capital Position Company for 2026 Acceleration
- Finland's Gambling Reform Promises "Single-Click" Block for All Licensed Sites
- Private Keys Are a Single Point of Failure: Security Advisor Gideon Cohen Warns MPC Technology Is Now the Only Defense for Institutional Custody
- Compliance Is the Ticket to Entry: Legal Advisor Gabriela Moraes Analyzes RWA Securitization Paths Under Brazil's New Legislation
- Coalition and CCHR Call on FDA to Review Electroshock Device and Consider a Ban
- Spark Announces 2025 Design Award Winners
- Whitney Hill Declares Run for Raleigh City Council District A
- NEW Luxury Single-Family Homes Coming Soon to Manalapan - Pre-Qualify Today for Priority Appointments
- Dominic Pace Returns to the NCIS Franchise With Guest Role on NCIS: Origins
- Anderson Periodontal Wellness Attends 5th Joint Congress for Ceramic Implantology
- UK Financial Ltd Completes Full Ecosystem Conversion With Three New ERC-3643 SEC-Ready Tokens As MCAT Deadline Closes Tonight
- AI Real Estate Company Quietly Building a National Powerhouse: reAlpha Tech Corp. (N A S D A Q: AIRE)
- Inkdnylon Expands National Uniform Embroidery Services
- Appliance EMT Expands Appliance Repair Services to Portland, OR and Vancouver, WA