Investcorp, Trilantic to acquire RoadSafe
Manama, Bahrain - Investcorp, a leading global provider and manager of alternative investment products, and Trilantic North America, a leading, growth-focused middle market private equity firm, on Monday announced that they have agreed to acquire RoadSafe Traffic Systems (RoadSafe) from ORIX Capital Partners. Terms of the transaction were not disclosed.
Headquartered in Chicago, Illinois, RoadSafe is the nation’s largest provider of traffic control and pavement marking services to roadway construction, state transportation, railroad and utility customers in the US. RoadSafe also distributes high-quality, innovative and durable traffic safety products and personal protective equipment for traffic work zones.
Investcorp and Trilantic North America’s partnership with RoadSafe will focus on continuing the firm’s organic growth through expanding geographically across the US and seeking to complete strategic, value-creating add-on acquisitions, according to a press release.
Tarek AlMahjoub, head of UAE and Oman for Investcorp’s private wealth, said, “RoadSafe operates in a market that is highly fragmented and ripe for consolidation. Its competitive advantage includes its diverse range of offerings, a safety-first culture and deep commitment to its employees and stakeholders. Together with Trilantic, we will continue to build on enhancing its value and supporting its growth initiatives.”
Dave Meirick, CEO of RoadSafe, said, “We are excited to embark on this next chapter of our business with the support of Investcorp and Trilantic North America. Their resources, expertise and track-record will enable us to continue executing on our growth strategy and better serve our clients. We look forward to the long-term benefits this partnership will unlock for our team, clients and communities.”
Investcorp has a long history of investing across Industrial Services sectors with notable past investments including American Tire Distributors, Berlin Packaging, FleetPride and Wrench Group. Trilantic North America has spent considerable time investing in distributed, branch-based Industrial Services businesses, most recently investing in Sunbelt-Solomon Solutions, a leading provider of full lifecycle electrical power services, and USI, a top provider of insulation installation, distribution and other services to the residential and commercial construction markets.