Blackline Safety Goes Private in $830M Deal with Francisco Partners
Event summary
- Blackline Safety completed its $830M going-private transaction with Francisco Partners on June 30, 2026.
- Shareholders received up to $9.50 per share: $9.00 in cash plus a contingent value right of up to $0.50.
- The deal involved the acquisition of all outstanding shares (87,438,183 total), with Blackline delisting from TSX.
- Francisco Partners now owns 100% of Blackline Safety through its affiliate Apollo Purchaser, Inc.
The big picture
This transaction marks the end of Blackline Safety's public trading era, with Francisco Partners taking over to leverage its deep technology investment expertise. The $73B AUM firm now controls a leader in IoT-driven workplace safety solutions, positioning it to capitalize on growing demand for connected safety tech across industrial sectors.
What we're watching
- Strategic Focus
- How Francisco Partners will redirect Blackline's connected safety technology portfolio to drive growth.
- Execution Risk
- Whether the private equity firm can deliver on its promise of advancing worker protection and operational efficiency.
- Contingent Value
- The pace at which Blackline's contingent value rights will materialize into additional cash payments for former shareholders.
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