RoadSafe Traffic Systems, Inc. Acquires North Valley Barricade, Inc.

CHICAGO–(BUSINESS WIRE)–RoadSafe Traffic Systems, Inc. (“RoadSafe”), the nation’s largest provider of traffic control and pavement marking services, announced today the acquisition of North Valley Barricade, Inc. (“NVB”). Based in Yuba City, California, NVB retails traffic control products and other construction safety goods throughout the northern California region.

The acquisition of NVB expands RoadSafe’s northern California offerings by combining a strong specialty distribution operation with the traffic control and construction services offered by Quattuor Construction, Inc., which RoadSafe recently purchased in December 2021. The transaction follows a strong 12 months for RoadSafe, which has now made six acquisitions since entering into a partnership with private equity firms Investcorp and Trilantic North America in April 2021.

“RoadSafe’s specialty distribution division has been one of our key organic growth engines. Our footprint allows us to provide distribution channels to some of our industry’s best and most cutting-edge manufacturers and suppliers. The strategic purchase of NVB in northern California further expands our ability to supply safety products to our customers,” said Joe Scarano, President of RoadSafe.

RoadSafe Traffic Systems, Inc.

RoadSafe is the nation’s largest provider of traffic safety services, pavement markings, and innovative traffic safety products. Its customers include heavy highway contractors, state transportation departments, municipal governments, special events organizations, U.S. railroads and utility companies. For more information, visit www.roadsafetraffic.com.

RoadSafe Traffic Systems, Inc. Acquires Liddell Bros, Inc. and Liddell Leasing, Corp.

CHICAGO (March 23, 2022) – RoadSafe Traffic Systems, Inc. (“RoadSafe”), the nation’s largest provider of traffic control and pavement marking services, announced today the acquisition of Liddell Bros, Inc. (“LB”) and Liddell Leasing, Corp. (“LL”). Based in Halifax, Massachusetts, LB and LL have been leading suppliers of traffic control services and equipment, including the installation of overhead signs and structures, in the New England market for the last 50 years.

The simultaneous acquisitions of LB and LL further establish RoadSafe’s position as a national leader in the traffic control and pavement marking industries. The transaction follows RoadSafe’s expansion last year through the acquisitions of businesses in California, Utah and North Carolina. These are RoadSafe’s fourth and fifth acquisitions, respectively, since entering into a partnership with private equity firms Investcorp and Trilantic North America in April 2021.

“We are very excited about expanding our New England footprint via the acquisition of the Liddell Companies. Gary, Mark and Tim Liddell and their teams have built fantastic businesses that will complement our existing Avon, Massachusetts operations and strengthen RoadSafe’s DOT facing business in the region,” said David Meirick, CEO of RoadSafe.

“I would like to thank my entire family including my brothers, sons and past and present Liddell employees for all the work they’ve done in the New England market over the last 50 years,” said Gary Liddell, CEO and President of LB and LL. “This acquisition is about the opportunities it will create for our customers through the combination of two strong legacy operations that can provide more comprehensive services. I am also excited for our employees, who will now have the added benefit of joining another employer of choice.”

RoadSafe’s President, Joe Scarano, added, “The merger of these two great teams will allow us to expand our service offerings while continuing to provide the value that our customers have grown to expect from all of us.”

RoadSafe Traffic Systems, Inc.

RoadSafe is the nation’s largest provider of traffic safety services, pavement markings, and innovative traffic safety products. Its customers include heavy highway contractors, state transportation departments, municipal governments, special events organizations, U.S. railroads and utility companies. For more information, visit www.roadsafetraffic.com.

 

Media Contact

Allison Devaney
646-818-9040
Pro-Trilantic@prosek.com

RoadSafe Traffic Systems, Inc. Acquires Quattuor Construction, Inc.

CHICAGO (January 11, 2022) – RoadSafe Traffic Systems, Inc. (“RoadSafe”), the nation’s largest provider of traffic control and pavement marking services, announced today the acquisition of Quattuor Construction, Inc. (“QCI”). Based in Sutter, California, QCI provides traffic control and underground construction services to utility providers and contractors throughout the northern California region.  

The acquisition of QCI complements RoadSafe’s other California operations as well as those in Reno, Nevada. It also tops off a series of other acquisitions made by RoadSafe in 2021, including Barricade Services in Salt Lake City, Utah, Innovative Marking Systems in Bluffdale, Utah and Clark Pavement Markings, Inc. in North Carolina. John Patrick, President, and Bart Cannell, Chief Financial Officer, will continue to lead the QCI team under the RoadSafe umbrella. 

“We had been searching some time for an opportunity to further our expansion into the northern California market. When we connected with QCI, we knew we had met the right company and the right management team,” said David Meirick, CEO of RoadSafe. “Over the past 20 years, John Patrick and Bart Cannell have grown QCI into a major player in our industry and their market. We are excited to have them join RoadSafe.”  

“This new partnership with RoadSafe will benefit our clients and our team alike as we continue to grow within the northern California region,” said Patrick. “Bart and I are very excited about the opportunity to team up with RoadSafe and our company’s future growth trajectory.” 

“RoadSafe’s growth strategy is focused on acquiring strategic partners in our industry that have demonstrated a commitment to safety and excellence. We have found such a partner in John and Bart and the whole QCI team,” said Joe Scarano, RoadSafe’s President. “We look forward to combining the talents of the QCI and RoadSafe teams.”  

RoadSafe Traffic Systems, Inc.

RoadSafe is the nation’s largest provider of traffic safety services, pavement markings, and innovative traffic safety products. Its customers include heavy highway contractors, state transportation departments, municipal governments, special events organizations, U.S. railroads and utility companies. For more information, visit www.roadsafetraffic.com.

 

Media Contact

Allison Devaney
646-818-9040
Pro-Trilantic@prosek.com

RoadSafe Traffic Systems, Inc. Acquires Clark Pavement Markings, Inc.

CHICAGO (January 4, 2022) – RoadSafe Traffic Systems, Inc. (RoadSafe), the nation’s largest provider of traffic control and pavement marking services, announced today the acquisition of Clark Pavement Markings, Inc. (CPM). Based in Apex, North Carolina, CPM is a leading supplier of pavement marking products and services in the North Carolina market.

The acquisition of CPM further establishes RoadSafe’s position as a national leader in the pavement marking industry and follows RoadSafe’s expansion earlier this year, including the acquisitions of Barricade Services in Salt Lake City, Utah and Innovative Marking Systems in Bluffdale, Utah. This is RoadSafe’s second acquisition since entering into a strategic partnership with private equity firms Investcorp and Trilantic North America in April 2021.

“The addition of CPM is a great fit for our pavement marking division and for RoadSafe overall,” said David Meirick, CEO of RoadSafe. “Andy Clark and Chris Fresa have built a tremendous company that we are excited to have joined our platform. Andy and Chris will continue to lead the CPM team under the RoadSafe banner in North Carolina.”

“We are very happy to join the RoadSafe family and will continue to provide our North Carolina customers with the excellent service they are accustomed to,” said Andy Clark, President of Clark Pavement Markings. “RoadSafe’s culture, focus on safety and focus on the customer align perfectly with our values and makes this a great choice for CPM.”

“As RoadSafe continues to execute on its growth strategy, CPM’s decades long experience and deep-rooted relationships will position RoadSafe well in the North Carolina market,” said Joe Scarano, RoadSafe’s President. “We look forward to welcoming and working alongside the entire CPM team.”

RoadSafe Traffic Systems, Inc.

RoadSafe is the nation’s largest provider of traffic safety services, pavement markings, and innovative traffic safety products. Its customers include heavy highway contractors, state transportation departments, municipal governments, special events organizations, U.S. railroads and utility companies. For more information, visit www.roadsafetraffic.com.

Media Contact

Allison Devaney
646-818-9040
Pro-Trilantic@prosek.com

RoadSafe Traffic Systems Acquires Barricade Services & Sales, Inc.

RoadSafe Traffic Systems Acquires Barricade Services & Sales, Inc.

CHICAGO (October 29, 2021) – RoadSafe Traffic Systems (RoadSafe), the nation’s largest provider of traffic control and pavement marking services, announced today the acquisition of Barricade Services & Sales, Inc (BSSI). Based in Salt Lake City,  UT, BSSI is a leading supplier of traffic control products and services in the Salt Lake City market.

The acquisition of BSSI further establishes RoadSafe’s position in the Mountain West region and expansion into the Utah market, one of the fastest-growing markets for traffic management in the U.S. The transaction follows RoadSafe’s recent growth in the Pacific Northwest and West Coast, including the acquisition earlier this year of Innovative Marking Systems in Bluffdale, UT, and is Roadsafe’s first acquisition since entering into a partnership with private equity firms Investcorp and Trilantic North America in April.

“The addition of BSSI expands our service offerings while establishing our geographic presence in attractive, high-growth regions,” said David Meirick, CEO of RoadSafe. “Under the leadership and direction of Gary Shields, BSSI has a strong reputation in the industry, and their level of service – combined with their years of experience – make them a strong fit for RoadSafe.”

BSSI founder Gary Shields will continue to lead the Utah traffic control operation alongside the current management team. “We are excited to join the RoadSafe family and will continue to provide our customers with excellent service while investing in our resources and our team,” said Shields. “RoadSafe’s focus on company culture, safety and customer service aligns well with our values and makes this a seamless choice for BSSI.”

“As RoadSafe continues to execute on its growth strategy, the addition of BSSI helps advance the company’s traffic control and pavement marking service offering in key markets,” said Joe Scarano, RoadSafe’s President. “We look forward to welcoming and working alongside the entire BSSI team.”

RoadSafe Traffic Systems Inc.

RoadSafe Traffic Systems Inc. is the nation’s largest provider of traffic safety and pavement marking services, and innovative safety products, to heavy highway, building and specialty contractors, state transportation departments, local governments, special events organizations, U.S. railroads and utility companies. For more information, visit www.roadsafetraffic.com.

RoadSafe Traffic Systems Acquires Innovative Marking Systems, Inc.

RoadSafe Traffic Systems Acquires Innovative Marking Systems, Inc.

CHICAGO (March 8, 2021) – RoadSafe Traffic Systems (RoadSafe), the nation’s largest provider of traffic control and pavement marking services, announced today the acquisition of Innovative Marking Systems (IMS). Based in Bluffdale, UT, IMS is a leading supplier of roadway striping and removal, epoxy and waterborne paint pavement markings, and sign installation services in the Mountain West region.

The acquisition of IMS will further establish RoadSafe’s position in the Mountain West region and expansion into the Utah market, one of the fastest-growing markets for traffic management in the U.S. The transaction follows RoadSafe’s recent growth in the Pacific North West and West Coast, which has become an increasingly active region for the company as part of its Western U.S. strategy.

“The addition of IMS expands our service offerings while establishing our geographic presence in attractive, high-growth regions,” said David Meirick, CEO of RoadSafe. “Under the leadership and direction of Paul and Mary Cheever, IMS has a strong reputation in the industry, and their level of service – combined with their expertise – make them a strong fit for RoadSafe.”

IMS founder and CEO, Paul Cheever, will continue to lead the Utah operation alongside the current management team.

“We are excited to join the RoadSafe family,” said Paul Cheever. “By joining RoadSafe, we will continue to provide our customers with excellent service while investing in our resources and our team. RoadSafe’s focus on company culture, safety and customer service aligns well with our values and makes this a seamless choice for IMS.”

“As RoadSafe continues to execute on its consolidation strategy, the addition of IMS helps advance the company’s traffic control and pavement marking service offering in key markets,” said Mohammed Khalil, Director at ORIX Capital Partners, the private equity platform of ORIX Corporation USA whose managed fund acquired RoadSafe in 2016. “This acquisition supports RoadSafe’s position as the country’s leading traffic management provider, and we look forward to further accomplishments building on combined strengths.”

RoadSafe Traffic Systems Inc.

RoadSafe Traffic Systems Inc. is the nation’s largest provider of traffic safety and pavement marking services, and innovative safety products, to heavy highway, building and specialty contractors, state transportation departments, local governments, special events organizations, U.S. railroads and utility companies. For more information, visit www.roadsafetraffic.com.

ORIX Capital Partners

ORIX Capital Partners (OCP), the operationally-focused private equity team of ORIX Advisers, LLC and a wholly-owned subsidiary of ORIX Corporation USA (ORIX USA), manages a fund that seeks to make direct equity investments in established middle-market companies throughout North America, spanning a variety of industries, including industrial services, business services, and general industrials. For more information about OCP and its capabilities, please visit www.orixcapitalpartners.com.

Investcorp and Trilantic North America Acquire RoadSafe Traffic Systems, Inc.

Investcorp and Trilantic North America Acquire RoadSafe Traffic Systems, Inc.

Investcorp, a leading global provider and manager of alternative investment products, and Trilantic North America, a leading, growth-focused middle market private equity firm,  have acquired RoadSafe Traffic Systems, Inc. (“RoadSafe”) from ORIX Capital Partners.

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 U.S. 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. The company has become a market leader and delivered consistent growth by providing exceptional services that solve mission-critical challenges, like maintaining worker safety while upgrading the nation’s critical infrastructure and facilitating pavement marking for the next generation of vehicles.

Investcorp and Trilantic North America’s partnership with RoadSafe will focus on continuing the firm’s organic growth through expanding geographically across the U.S. and seeking to complete strategic, value-creating add-on acquisitions.

“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 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.