A new white paper from Temecula, Calif.-based J-Cat Safety Products addresses the use of rebar, metal forming stake and exposed bracket caps for California concrete practitioners and peers subject to Occupational Safety and Health Administration standards. “Impact of Plausible Deniability” describes the financial consequences, starting at a reported $18,000 per incident, employers might face if they fail to comply with OSHA and California-OSHA provisions surrounding bars, stakes or brackets prevalent in concrete work.
“As we spoke with members of the construction community, we found a lot of confusion surrounding the requirements for job site safety, specifically impalement protection,” says J-Cat Chief Operations Officer Kristin Messer. “This report should help to clear up misconceptions regarding this important issue.” The impalement protection device—the first to be certified by Cal-OSHA (C-1741-AG)—can mitigate financial ramifications should federal or state agency job site inspectors find exposed metal protrusions, she adds.
Posted at www.jcatsafetyproducts.com, “Impact of Plausible Deniability” underscores the importance of rebar or forming stake impalement protection.
INVESTOR SHORES UP GROWTH PLAN FOR FORMWORK SERVICES
GP Capital Partners LP has announced a $10.9 million investment in Formwork Services and Supply LLC, an independent provider of complete concrete forming and shoring solutions to the industrial, petrochemical, water treatment, power, infrastructure, sports, medical, and commercial building construction markets. Both businesses are based in Houston.
The investment consists of $8 million in senior secured term debt and $2.9 million in common equity, and was part of a transaction led by Freeport Partners to position Formwork Services for a new phase of business development. “[Freestone and GP Capital Partners’] experience supporting small businesses will be invaluable as we accelerate our growth,” says Formwork Founder and CEO Mike Bishop. “I look forward to strengthening our offerings and delivering best-in-class service to customers for years to come.”
“Formwork Services is an impressive company and highly regarded in the marketplace. We look forward to being a strategic partner to Mr. Bishop and the Formwork team, building on the strong foundation laid over the past 40 years,” adds Freestone Partners’ Scott Clingan.