Brazos Private Equity Partners has invested an undisclosed amount in Flint Trading Inc., a Thomasville, N.C.-based maker of preformed thermoplastic road and safety markings.
Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, announced today a significant investment in Flint Trading, Inc. (“Flint” or the “Company”), the largest manufacturer of preformed thermoplastic road and safety markings in the world. Financial terms of the transaction, which provides capital to support the Company’s continued growth and liquidity for shareholders, were not disclosed. Existing management will continue to run the Company and will retain a meaningful equity stake in the business. Capital for the transaction was provided by Brazos Equity Fund III, L.P.
Based in Thomasville, North Carolina and established in 1987, Flint provides its government and commercial customers high-performance, retroreflective preformed thermoplastic pavement markings and related services. Flint’s products are used in intersections, crosswalks, onramps, bicycle paths, airport taxiways, and a variety of commercial areas for enhanced visibility, durability and flexibility to maximize safety conditions.
Randall Fojtasek, Co-Chief Executive Officer and Co-Founding Partner of Brazos, said: “Brazos is committed to investing in companies with strong sector trends and world-class management teams, and Flint fits perfectly within that strategy. Flint represents an attractive opportunity to invest in a leading specialty manufacturer in the growing road infrastructure industry. Brazos knows this sector well through an April 2007 investment in Ennis Paint, Inc., the leading global manufacturer of road marking materials. We look forward to working closely with Steve Vetter, CEO, and his exceptional team to drive further growth in revenue and earnings.”
Steve Vetter, CEO of Flint, said: “With our proprietary and diverse preformed thermoplastic road marking product line, we believe Flint is uniquely positioned to benefit from the continued government support of road and airport safety. Flint is at an exciting time in its life-cycle, and partnering with Brazos was the right decision for us as we sought the support and resources to drive the Company to higher levels of performance. We chose to work with Brazos based on its outstanding track record of investing in closely held companies, its understanding of our business and market, and its ability to support our growth and expansion plans.”
Flint is the second transaction for Brazos Equity Fund III, L.P. and represents the third acquisition for Brazos this year. In March, Brazos formed Tri-Northern Security Distribution, Inc. through the acquisition of two electronic security distribution companies. Earlier this month, Brazos Equity Fund II, L.P. portfolio company Ennis Paint, Inc. acquired Pervo Paint Company, Inc. a manufacturer of water-based and alkyd-based paints as well as thermoplastic coatings used in marking roads.
About Flint Trading, Inc.
Headquartered in Thomasville, North Carolina, Flint Trading manufactures and distributes a complete line of preformed thermoplastic pavement marking products that are used in all 50 states, Canada, and Mexico. These products are made at its Thomasville, NC facility which is ISO 9001 certified for design, development, and manufacturing. Flint’s commitment is reflected in proven quality and customer satisfaction for over 22 years. Flint offers pavement markings for use on streets and highways, crosswalks, intersections, parking areas, and many landside uses at airports.
About Brazos Private Equity Partners, LLC
Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.4 billion of equity capital. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed 53 acquisitions. Brazos has invested in a broad range of industries including distribution, consumer, business services, restaurants, healthcare, financial services and manufacturing.
For additional information about Brazos, please visit the firm’s website at www.brazospartners.com.