Promise to Perform Industries, Inc. Announces Acquisition of Transol Corporation and Their Subsidiaries, Including Lug-All Corporation
As of October 29, 2021, Spanco, Rigid Lifelines, and Lug-All are under the ownership of Promise to Perform Industries, Inc. All of Transol Corporation’s subsidiaries, including Spanco, Inc., Rigid Lifelines, and Lug-All Corporation and their assets have been acquired through a management buyout to ensure maximum continuity to customers, employees, and vendors. This acquisition provides new opportunities for growth as well as new innovation to Spanco, Rigid Lifelines, and Lug-All products.
Promise to Perform Industries, Inc. is controlled by three shareholder managers: Jeff Brazwell, Arnie Galpin, and Shawn Trexler. The three managers bring their combined industry experience of over 78 years to the company ownership. Much of their combined experience was gained as senior members at Transol, and the management buyout of Transol Corporation opens an exciting new chapter for all three companies.
“Spanco, Rigid Lifelines, and Lug-All are venerable companies with long traditions of quality and performance,” said Jeff 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.”
As longtime employees of Transol, the shareholders of Promise to Perform Industries are positioned to use their experience to develop Spanco, Rigid Lifelines, and Lug-All as leaders in the overhead material handling, fall protection, and manual cable and web strap come along ratchet winch hoist industries.
The industry expertise of the new ownership will allow Promise to Perform Industries to promote the growth of Spanco, Rigid Lifelines, and Lug-All in the future. With this new leadership in effect, we look forward to the ways Spanco, Rigid Lifelines, and Lug-All can continue to provide our dealers and end users with excellent service and high-quality products.
For more information about Promise to Perform Industries, Inc., visit our new website!