MSA Safety: A Resilient Compounder Offering Steady Growth and Defensive Qualities in the Industrial Safety Sector
Overview
MSA Safety, founded in 1914, is a global leader in safety products, specializing in industrial safety equipment for sectors such as fire services, oil and gas, utilities, and construction. Its core product lines—firefighter SCBA and helmets, gas detection systems, and industrial PPE—comprise over 90% of its $1.8 billion in 2024 revenues. MSA’s century-long commitment to mission-critical safety solutions has resulted in trusted global brands, deep customer relationships, and steady demand anchored by regulatory mandates and the essential need to protect workers in hazardous environments.