Investcorp, a global provider and manager of alternative investment products, and Trilantic North America, a, growth-focused middle market private equity firm, have agreed to acquire RoadSafe Traffic Systems, a U.S. provider of traffic control and pavement marking services to roadway construction, state transportation, railroad and utility customers, from Orix Capital Partners.
“RoadSafe represents a highly attractive growth opportunity, driven by several macroeconomic tailwinds, including the critical need to upgrade the country’s aging infrastructure, the wide-scale rollout of 5G systems and the re-marking of roads to support future new technologies,” said Amit Gaind, managing director and head of industrial services, private equity at Investcorp. “In addition to RoadSafe’s exceptional customer service levels, its deep commitment to its employees and safety-first culture set the firm apart in a highly fragmented market. We look forward to leveraging our expertise and resources, alongside our partners at Trilantic North America, to support RoadSafe as it seeks to continue to enhance its competitive position.”
“Dave and the RoadSafe team have done a tremendous job growing the company into the leading national player in this essential and underinvested segment of the infrastructure market,” said Charles Fleischmann, partner at Trilantic North America. “Private capital will play a crucial role in rebuilding and modernizing U.S. infrastructure and we are thrilled to partner with the RoadSafe and Investcorp teams to strengthen this entrepreneurial business’ leadership position in a highly fragmented industry.”
Dave Meirick, CEO of RoadSafe stated, “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 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.