Brazos Private Equity sells Ennis Flint

Brazos Private Equity Partners LLC said June 13 that it sold Ennis-Flint to Olympus Partners. Financial terms weren’t announced. Thomasville, North Caroline-based Ennis provides pavement markings and traffic safety solutions. Harris Williams & Co., Rothschild and Grace Matthews served as financial advisors to Ennis-Flint and Weil, Gotshal & Manges provided legal counsel.

PRESS RELEASE

Dallas, Texas, June 13, 2016 — Brazos Private Equity Partners, LLC, a Dallas-based private investment firm, announced today the sale of Ennis-Flint (or the “Company”), the global leader in pavement markings and traffic safety solutions, to an affiliate of Olympus Partners. Financial terms of the transaction were not disclosed.

Ennis-Flint is the global leader across all pavement marking product lines and is the North American leader in certain key components for intelligent traffic control systems.  Headquartered in Thomasville, NC, the Company serves more than 4,000 government and private sector customers in more than 60 countries through 20 manufacturing facilities and sales offices located across five continents.

During its time as an investor in the Company, Brazos has substantially grown and enhanced Ennis-Flint’s capabilities and performance, more than tripling corporate earnings during that period through acquisitions and organic growth.  Brazos formed Ennis-Flint through the merger and integration of separate investments in Ennis Paint, Flint Trading & Eberle Design. To further establish the Company as a leader in global traffic safety, Brazos partnered with management to complete 12 add-on acquisitions, of which eight were businesses outside the U.S. The expansion to other markets via acquisition transformed the business from a company that generated nearly 100% of revenue from domestic operations to a global platform with approximately 25% of revenue from international markets. In conjunction with a robust acquisition strategy, Ennis-Flint experienced considerable organic growth across key product lines and through product line extensions throughout its partnership with Brazos.

“We have enjoyed a long and successful relationship with Ennis-Flint and take great pride in the results we have achieved during our tenure as an investor in the Company,” said Randall Fojtasek, Co-Founding Partner and Co-CEO of Brazos and Vice Chairman of the Board of Ennis-Flint. “Reflective of our team’s organic and acquisitive approach to value creation, we worked closely with management to implement operational enhancements, identify and acquire complementary businesses and expand the company’s sales and manufacturing capabilities. The result of our partnership is a global platform well-positioned for the future that will continue to provide tremendous value to its customers, employees, vendors and shareholders.”

“Ennis-Flint highly values the collaboration we have had with the Brazos team for many years,” said Steve Vetter, CEO of Ennis-Flint. “Their focus on operational improvement was well suited to our company’s needs as we worked to expand our platform and achieve several key corporate development initiatives. We thank Brazos for its guidance and commitment to our company, and we look forward to building upon the Company’s success to date in our new partnership with Olympus Partners.”

Brazos invested in Ennis-Flint with capital from its $400 million Brazos Fund II and $715 million Brazos Equity Fund III.

Harris Williams & Co., Rothschild and Grace Matthews served as financial advisors to the Company on the transaction and Weil, Gotshal & Manges provided legal counsel.

About Brazos Private Equity Partners, LLC
Brazos Private Equity Partners is a Dallas-based private equity firm that has managed investment funds with approximately $1.4 billion of equity capital since inception. Brazos focuses on investments in leading middle-market consumer, healthcare, commercial & industrial, and business services companies, and supports outstanding management teams and/or owners of closely-held businesses to maximize growth and shareholder value. Brazos has been one of the most active middle-market private equity investment firms, having completed in excess of 80 transactions over the past decade.  For additional information about Brazos, please visit the firm’s website at www.brazospartners.com.

About Ennis Flint
Ennis-Flint is the worldwide leader in the traffic safety and pavement marking industry providing the most comprehensive lineup of pavement marking solutions on the market today. From traditional paints and thermoplastics to high-performance formulas and plural components for roadway striping and preferential lane treatments as well as preformed thermoplastic for transverse markings, streetscape crosswalks and traffic calming treatments, and custom horizontal surface signage, you can find Ennis-Flint products on roads and highways, taxiways, runways, parking lots and in all kinds of commercial, contractor, governmental, industrial, airport and architectural settings. Headquartered in Thomasville, North Carolina, and with manufacturing facilities located in the United States, Canada, Australia, Malaysia and Europe as well as strategic worldwide sales locations, Ennis-Flint’s products help motorists, cyclists, pilots, and pedestrians move in the right direction…safely. For more information on Ennis-Flint, visithttp://www.ennisflint.com.