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Hastings Equity fund creates safety equipment rental company

Private equity firm Hastings Equity Partners LLC said its Fund IV has launched Coyote Industrial Holdings, a safety equipment rental company resulting from the combination of the recently acquired Flame Resistant Garments Inc., d/b/a Code Red Safety and Critical 2-Way Communications LLC.

Based in Houston, Coyote Industrial also provides safety product sales, high angle and confined space rescue and in-plant communication services to blue-chip clients across the industrial, refining, petrochemical, automotive, steel and power generation markets.

Locke Lord LLP provided legal counsel to Hastings. Cadence Bank provided financing support for the transaction.