Investcorp and Trilantic North America to Acquire RoadSafe Traffic Systems

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Investcorp and Trilantic North America, a leading, growth-focused middle-market private equity firm, yesterday agreeing 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.

The company operates from more than 50 locations with over 1,600 employees, enabling it to service all 48 continental states. RoadSafe is led by CEO Dave Meirick, an industry veteran of over 34 years, who will continue to lead the firm following the transaction.

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.

Mohamed Al Sada, Head of Bahrain and Kuwait for Investcorp’s Private Wealth, said: “This acquisition is another testament of our ability to invest and execute on our growth strategy, and we hope that the company will continue to build on this progress with our partnership.” Charles Fleischmann, Partner at Trilantic North America, said, “Private capital will play a crucial role in rebuilding and modernizing US 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 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.”