A Safety Revolution Born in the Tank
In a season packed with compelling pitches, one stood out not for its flair but for its life-saving impact. Torque Safe, a deceptively simple safety switch designed for hydraulic torque wrenches, ignited a rare bidding war in Season 2, Episode 13 of Shark Tank Australia. This wasn’t just a gadget, it was a solution to prevent hand crush injuries in high-risk industries.
With three Sharks, Steve Baxter, Andrew Banks, and Dr. Glen Richards, offering a combined $500,000 for 50% equity, Torque Safe proved its worth long before market metrics could catch up. But what happened after the cameras stopped rolling? In this deep dive, we trace Torque Safe’s rise from industrial prototype to global safety staple and calculate its estimated net worth in 2025.
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Torque Safe Net Worth in 2025: Financial Snapshot
As of 2025, Torque Safe’s estimated net worth stands at approximately $6.5 million, a remarkable leap from its humble Shark Tank beginnings. This valuation reflects the company’s steady climb as a trusted name in industrial safety, driven by its life-saving hydraulic torque wrench switch.
The figure is calculated by looking at total lifetime sales, recent sales growth, expanding markets, and comparisons to similar brands.
- Since its $500,000 Shark Tank deal in 2016, Torque Safe has likely generated $10–15 million in total sales, based on its growing presence in mining, oil, and gas industries.
- Recent years have seen a sales spike, with annual revenue estimated at $1.8–2 million in 2025, fueled by partnerships like Torque Safe North America and TJI Solutions in the UK and Australia. These distributors have opened doors to high-demand regions, boosting sales through rentals and direct purchases.
- The oil and gas sector, a key market, is thriving, with a 2025 industry focus on safety innovations adding momentum to Torque Safe’s growth, as outlined in Deloitte’s 2025 Oil and Gas Industry Outlook.
How This Estimate Was Calculated:
To estimate the net worth, we multiplied the annual revenue by 3.5, a standard benchmark for valuing companies in the industrial safety space. This approach, combined with Torque Safe’s global reach and unique product, supports the $6.5 million figure.
Comparable brands in niche safety equipment, with similar market footprints, align with this valuation. While exact financials remain private, Torque Safe’s consistent distributor partnerships and glowing client feedback, like engineers praising its reliability, point to a bright financial future.
From a $750,000 valuation in 2016 to $6.5 million today, Torque Safe proves that a simple idea, backed by smart growth, can reshape an industry’s safety standards.
Shark Tank Success: A Bidding War That Turned Heads
Luke Gosden’s pitch wasn’t just good, it was powerful. Demonstrating the Torque Safe device live, he showed how a small mechanical switch could prevent horrific hand injuries. The tension built fast as the Sharks recognized its potential:
This isn’t a product. It’s a necessity. – Dr. Glen Richards
What followed was one of the most intense bidding wars of the season, culminating in a deal with Baxter, Banks, and Richards. Gosden accepted $500,000 for 50% equity, launching Torque Safe into the Shark Tank hall of fame.
If you were a Shark, would you have invested in Torque Safe?
Product Deep Dive: Why Torque Safe Matters
Torque Safe’s device is designed to prevent hand crush injuries from hydraulic torque wrenches by enabling a safe swivel movement. Key product types include:
- Retrofit Unit: Adds safety to existing torque wrenches
- In-Line Model: Fully integrated safety for new toolsets
These features address a major industry gap. According to Atlas Copco and HTL Group, hand injuries during torqueing are a persistent safety hazard in fields like:
- Offshore and onshore oil & gas
- Pipeline construction
- Heavy equipment maintenance
The simplicity of the solution, no electronics, no batteries, means universal compatibility and minimal maintenance.
Global Reach Through Trusted Distribution Networks
Torque Safe’s success post-Shark Tank wasn’t fueled by flashy ads or viral moments — it was built through boots-on-the-ground partnerships. A standout example is TJI Solutions, a leading distributor with operations across the UK and Australia, including Newcastle, Aberdeen, Perth, and Karratha.
With no minimum rental periods, 24/7 technical support, and expertise in hydraulic bolting and calibration, TJI gives Torque Safe direct access to frontline engineers. Their customer reviews speak volumes:
“The torque wrenches were exceptionally reliable and easy to handle, making our job much smoother… The team’s expertise and customer service were top-notch.” – Engineer, Perth WA
“TJI’s hydraulic nut splitters were a game-changer for our offshore project in Aberdeen… Precision and power like no other.” – Client, Aberdeen UK
These glowing reviews reinforce Torque Safe’s real-world impact in critical sectors like pipeline construction, offshore drilling, and joint integrity management.
With TJI’s extensive rental stock and joint training programs, Torque Safe isn’t just a product — it’s part of a broader movement toward safer industrial environments.
North America and Beyond: International Expansion
Torque Safe didn’t stop at Australia. It launched Torque Safe North America LLC, establishing a base for distribution and sales in the U.S. and Canada.
The company also partnered with strategic distributors like TJI Solutions to extend into Europe and Australia, opening regional offices in Perth, Karratha, Newcastle, and Aberdeen. These partners offer not just rentals and sales, but also repair, calibration, and on-site training, making Torque Safe a full-service solution.
Challenges and Unanswered Questions
While growth has been steady, some aspects remain unclear:
- The current status of founder Luke Gosden is unknown, and no recent public interviews or LinkedIn profiles exist.
- Financials are not publicly disclosed, making net worth estimates dependent on market comparables and distributor data.
Still, what’s clear is the consistency in distributor partnerships, positive client testimonials, and ongoing visibility in high-risk industries.
Final Thoughts: A Legacy of Safety
Torque Safe’s journey from a single pitch to international safety solution is a testament to the power of a simple, life-saving idea—and the right investors. In an era where flashy tech often overshadows real-world problems, Torque Safe reminds us that practical innovation still wins.
Its 2025 estimated net worth of $6.5 million reflects not just product success, but mission-driven growth. And with distributors like TJI Solutions spreading its impact across continents, Torque Safe continues to protect the hands that build the world.
🔹 TL;DR (Too Long; Didn’t Read)
Torque Safe turned a simple safety idea into a $6.5 million global business after a Shark Tank bidding war. Backed by top Sharks and trusted distributors, it’s redefining industrial safety worldwide.
FAQs
What is Torque Safe’s estimated net worth in 2025?
Torque Safe’s estimated net worth in 2025 is approximately $6.5 million. This figure is based on estimated annual revenue, distributor growth, and market comparisons in the industrial safety space.
Did Torque Safe get a deal on Shark Tank?
Yes, Torque Safe secured a deal on Shark Tank Australia (Season 2, Episode 13), receiving $500,000 for 50% equity from Sharks Steve Baxter, Andrew Banks, and Dr. Glen Richards.
Who is the founder of Torque Safe?
The founder is Luke Gosden, who pitched the product on Shark Tank. However, his current public profile and involvement remain unclear in 2025.
What does the Torque Safe product do?
Torque Safe is a mechanical safety switch designed for hydraulic torque wrenches. It helps prevent hand crush injuries by allowing safe tool disengagement and swivel action.
Where is Torque Safe available?
Torque Safe is available globally through distributors like TJI Solutions in the UK and Australia, and Torque Safe North America in the U.S. and Canada.
How has Torque Safe expanded since Shark Tank?
Since the show, Torque Safe has expanded into multiple regions through distributor networks, particularly TJI Solutions, and launched Torque Safe North America to reach U.S. and Canadian markets.
