RoadSafe Traffic Systems has acquired Apex, North Carolina-based Clark Pavement Markings Inc, a provider of pavement marking products and services. No financial terms were disclosed. RoadSafe is backed by Trilantic North America and Investcorp.
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 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 join 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.