PE-backed AWP to buy Statewide Safety Systems and Trafficade’s traffic safety units

Area Wide Protective, which is backed by Kohlberg & Co, has agreed to acquire Statewide Safety Systems and Trafficade's traffic safety units.

Area Wide Protective, which is backed by Kohlberg & Co, has agreed to acquire Statewide Safety Systems and Trafficade’s traffic safety units. No financial terms were disclosed. Based in Irvine California, Statewide is a traffic control services provider while Phoenix, Arizona-based Trafficade is a traffic safety services firm.

PRESS RELEASE

North Canton, OH – August 2, 2021 – Area Wide Protective (“AWP”), a leading infrastructure services firm, today announced that it has entered into definitive agreements to acquire Statewide Safety Systems (“Statewide”), a leading traffic control services provider based in Irvine, CA, and the traffic safety divisions of Trafficade Service Companies (“Trafficade”), a leading traffic safety services firm based in Phoenix, AZ. The combined company will serve thousands of customers on a daily basis with more than 130 facilities across 27 states and eastern Canada. Terms of the transactions were not disclosed. The transaction excludes Trafficade’s trench shoring and asphalt paving and milling operations which will continue to operate under the newly formed Trench-Ade, LLC.

Together, AWP, Statewide, and Trafficade will have the scale, resources and coast-to-coast reach to deliver superior traffic control and safety services. Customers will benefit from an enhanced service offering, with both new technological capabilities and increased support and resources, including more than 6,500 employees across the organization. This enhanced offering will position the combined company for further growth and geographic expansion. Upon completing the transaction, the combined company will continue to be led by Ron Childress, AWP chairman and chief executive officer.

“AWP is thrilled about the opportunity to join forces with Statewide and Trafficade to enable us to bring even more value to our customers,” Childress stated. “Our combined scale will ensure access to more robust safety services and talent pools to further differentiate us as the leading traffic control provider. We welcome Statewide and Trafficade employees and customers to the AWP family.”

Rob Sehnert, chief integration officer of AWP commented, “Statewide and Trafficade are tremendous fits for AWP. We share a similar vision, culture, and mission for serving our clients with the highest quality of service and support. We are excited about the partnership with Statewide and Trafficade and believe that the combination will result in attractive growth opportunities.”

Don Nicholas, chief executive officer of Statewide added, “I am proud of the accomplishments we have achieved together at Statewide and the successful transformation that the Company has undergone over the last three years. I look forward to working closely with Ron and the rest of the AWP team in this exciting next chapter of growth.”

Jeff Johnson, chief executive officer of Trafficade added, “We are excited about our partnership with AWP and the next phase of growth. Together, we will be able to support our customers in more geographies and deliver a best-in-class service offering.”
Houlihan Lokey and Piper Sandler served as financial advisors and Ropes & Gray LLP served as legal counsel to AWP.

About Area Wide Protective
Founded in 1993, Area Wide Protective, Inc. (AWP) has grown into North America’s leading provider of professional traffic management and protection services. The company’s capabilities range from flagging for work zones to design and engineering for transportation management plans. AWP’s more than 117 locations provide daily operations that span 21 U.S. states and four Canadian provinces. To learn more, visit www.awptrafficsafety.com