Trafficware Group Inc. has acquired PSI Acquisition LLC.
PSI is an Oregon-based manufacturing company that specializes in traffic, making products such as traffic control cabinets, controllers and conflict monitors, plus power backup technology and security systems. Terms of the deal were not disclosed.
Trafficware is backed by Denver private equity firm KRG Capital Partners, which invested in the company in November 2011. The company specializes in research, design and development of electronic equipment and software for the transportation industry.
Other KRG investments include Convergint Technologies, Diversified Foodservice Supply and PAS Technologies. KRG is also invested in ATI Physical Therapy Holdings LLC, which the firm built up with the acquisitions of SCP Physical Therapy and Dwight Orthopedic Rehabilitation in December.