Becklar, a Utah-based provider of connected safety and monitoring solutions, has announced a significant investment from private equity firm Graham Partners. The deal, which positions Graham as Becklar’s lead investor, is aimed at fuelling growth and innovation in safety technology, the company said.
Steve Richards, CEO of Becklar, said the partnership will allow the company to expand its market reach, enhance its technology, and pursue acquisitions. “This partnership will enhance Becklar’s ability to expand our reach with new technological innovations, increase our scale through acquisitions, and further penetrate markets organically,” said Richards.
Becklar’s existing investor, BV Investment Partners, welcomed the addition of Graham Partners. Justin Garrison, managing director at BV, said Graham’s resources would help the company build on its recent growth. “There is still a lot of opportunity to go after, and Graham is a terrific new partner to help the Becklar team capture it,” he said.
Broad portfolio of safety solutions
Becklar offers a suite of connected safety products, including enterprise software, IoT-enabled devices, and 24/7 professional monitoring. The company operates a network of eight monitoring stations across the U.S. and Canada, serving industries ranging from personal emergency response systems to workforce safety and critical event monitoring.
Richards noted that the investment would help Becklar develop new use cases for connected safety technology while maintaining its focus on customer service. “We are excited to partner with Graham,” he said. “Their experience, insights, and resources will assist us as we continue to develop connected safety use cases and deliver exceptional value to our partners and customers.”
Strategic alignment with Graham Partners
Graham Partners has a track record of supporting technology-driven companies in advanced manufacturing and industrial technology. Rob Newbold, managing principal at Graham, said Becklar’s focus on innovation and customer satisfaction aligns with Graham’s investment strategy. “We are thrilled to partner with Becklar and BV Investments,” said Newbold.
Financial terms of the transaction were not disclosed, but Becklar confirmed that it would continue to operate from its headquarters in Ogden, Utah, under its current leadership team. The company plans to leverage Graham’s strategic guidance to deepen market penetration, pursue acquisitions, and enhance its product offerings.
Next steps for Becklar
The partnership comes as Becklar aims to remain competitive in the growing safety and monitoring industry. With enhanced resources, the company is positioned to accelerate its innovation and continue expanding its connected safety ecosystem. The transaction was facilitated by Baird, which acted as Becklar’s financial advisor, and Choate, which served as legal advisor.