RoadSafe Traffic Systems Inc., a Bensalem, Penn.-based provider of traffic safety services, has acquired Trutwin Industries Inc., a Fort Myers, Fla.-based provider of roadway pavement marking and removal services. No financial terms were disclosed. RoadSafe is a portfolio company of Aperion Management and Falcon Investment Advisors.
In its second acquisition in 60 days, RoadSafe Traffic Systems, Inc., (www.roadsafetraffic.com) a leading provider of traffic safety services, today announced the purchase of Fort Myers-based Trutwin Industries, Inc. (www.trutwin.com)
RoadSafe identified Trutwin Industries as a key company to help build its Florida striping operations. Offering a full line of roadway pavement marking and removal services, Trutwin works in a number of markets – including the heavy highway industry, RoadSafe’s primary customer base. With a state-of-the-art equipment fleet, Trutwin performs paint striping and thermoplastic applications, as well as removal services such as grinding and water blasting capabilities.
Michael Catalonello, RoadSafe President and CEO, says, “The acquisition of Trutwin Industries is very exciting. Trutwin has an excellent, 30-year reputation for quality in pavement marking operations. Adding their experienced team to our existing Florida operations enhances our capabilities and further supports our strong commitment to the Florida market and to our aggressive growth agenda.”
Adds Trutwin Industries President Joe Trutwin, “We are pleased to become part of the RoadSafe family. Their management expertise and reputation in the traffic safety business, combined with their financial resources, will allow expansion of our area pavement marking operation. We look forward to new opportunities ahead.”
About Trutwin Industries, Inc.
Trutwin Industries, Inc., (www.trutwin.com) was founded in 1978 by owner and President Joseph Trutwin. The company grew to include a state-of-the-art sign shop, pavement marking operations and manufacturing of precast parking stops. Trutwin enjoys a solid reputation in Southwest Florida with a diverse customer base which includes state and local government, as well as road and bridge contractors and other private business.
About RoadSafe Traffic Systems, Inc.
RoadSafe Traffic Systems, Inc., (www.RoadSafeTraffic.com) is the nation’s second largest provider of traffic safety and pavement marking services with 27 branches in the East, Southeast, Midwest, MidSouth and Western regions of the U.S. In October, 2007, private equity investors Aperion Management, LLC, and Falcon Investment Advisors, LLC, acquired the NES Traffic Safety Division from NES Rentals Holdings, Inc., renaming it RoadSafe Traffic Systems, Inc. The company operates under the holding company, RoadSafe Holdings, Inc., which also includes 1stCall Studio Equipment, Inc., (www.1stcallequip.com) a studio equipment rental company.