NMS Capital Recapitalizes Safety Management Group

Gryphon Investors Acquires Safety Management Group

January 8, 2026

Professional Services

Gryphon Investors has acquired Safety Management Group (SMG) from NMS Capital; financial terms were not disclosed. SMG, headquartered in Indianapolis, will serve as a new platform for Gryphon to pursue organic growth and add-on M&A in outsourced Environmental, Health & Safety (EH&S) services while SMG's management team remains in place with a meaningful ownership stake.

Safety Management Group (NMS Capital) Acquires Trinity Safety Group

April 17, 2023

Industrial Services

Safety Management Group (SMG), a portfolio company of NMS Capital, has acquired Trinity Safety Group, a provider of on-site safety services, strategy and training based in Indianapolis, Indiana. The add-on expands SMG's safety services capabilities and client base across end markets including insurance, municipalities and manufacturing; financial terms were not disclosed.

NMS Capital Recapitalizes CSL Consulting

November 15, 2024

Engineering Services

NMS Capital has partnered with CSL Consulting's management in a recapitalization to support the company's next phase of growth. The investment will provide capital for organic expansion and acquisitions to scale CSL's Owner's Representative, project management and construction mitigation services.

NMS Capital Recapitalizes Exo Group

July 14, 2020

Infrastructure

NMS Capital has completed a recapitalization of Exo Group, LLC, partnering with Exo's founders and management who will remain significant shareholders. The investment will provide capital to support Exo's growth in data-driven asset inspection, remediation, engineering and training services for steel infrastructure across North America.

NMS Capital Recapitalizes Health & Wellness Partners

March 7, 2023

Healthcare Services

NMS Capital has completed a recapitalization investment in Health & Wellness Partners Group, LLC (HWP), partnering with HWP's management team. HWP, a medical communications provider based in Upper Saddle River, New Jersey, will use the investment to accelerate growth by expanding therapeutic expertise and service offerings; terms were not disclosed.

NMS Capital Recapitalizes DCM Services

February 25, 2020

Data & Analytics

NMS Capital has partnered with DCM Services' management in a recapitalization of DCM Services, a Minneapolis-area provider of data and contact management solutions for estate and specialty receivables recovery. The investment will support growth and scaling of DCM's proprietary Probate Finder technology, expand capabilities, and target growth across financial services, healthcare and other end markets.