Traffic Control Buys Traffic Solutions

Traffic Control & Safety Corp., a portfolio company of Marwit Capital, has completed the acquisition of Traffic Solutions Inc., a Redding, Calif.-based provider of traffic control and safety services in Northern California. No financial terms were disclosed.

 

PRESS RELEASE


Traffic Control & Safety Corporation (“TCSC”), a portfolio company of Marwit Capital Partners II, L.P., announced today that it has completed the acquisition of Traffic Solutions, Inc. (“Traffic Solutions”) of Redding, California. Traffic Solutions is the leading provider of traffic control and safety services in Northern California, operating from the Bay Area to the Oregon border. Terms of the transaction were not disclosed.

 

Consistent with Marwit's objective when the company was established in early 2007, TCSC has grown to become the largest provider of traffic control products and services and related safety products and services in the Western U.S. The TCSC family of companies now includes seven market leading businesses operating 20 locations in California and Hawaii. TCSC now offers the most comprehensive product and service offering in the traffic control industry and is the first company to be able to address the complete “end-to-end” traffic control needs of its customers in all geographic markets in California. Chris Britt, Managing Partner at Marwit Capital stated “This acquisition is another positive step in building the TCSC platform and strengthening our coverage in California.

 

Traffic Solutions is an ideal fit with TCSC in every aspect — top quality operation and management team, longstanding customer relationships and complementary geographical footprint.” Thomas Dollhopf, Principal at Marwit Capital added “Traffic Solutions has experienced the highest growth rate of any company we have seen in the industry in the past 3 years.”

 

Founded in 1995, Traffic Solutions has operations in Redding and Arcata, CA. “TCSC's capabilities and network will enhance our ability to provide products and services to larger customers and we are excited to join the TCSC family of companies. In addition, we have striping and freeway signage capabilities that we can extend throughout TCSC,” said founder and President John Langum.

 

Bob Perret, CEO of TCSC, adds, “In the twelve months since forming this platform, we have built a business that provides unique turn-key solutions to customers. We already have a strong backlog with key customers and are strengthening and expanding several strategic relationships. In order to successfully manage our rapid growth, we have also built an organization with expertise in acquisition integration, best-practices sharing and optimizing back-office operations.”

 

About Traffic Control & Safety Corporation

 

Traffic Control & Safety Corporation (www.trafficcontrolandsafety.com) was formed in

June 2007 by Marwit to build the largest independent provider of traffic control products and services in the Western United States. TCSC's growing family of companies includes industry leaders: Safety Systems Hawaii (Honolulu, HI), Statewide Safety & Signs (Nipomo, CA), Toomey Industries (Long Beach, CA), American Barricade (Anaheim, CA), Flash Safety Co., Inc. (Sacramento, CA), Flashco, Inc. (Bakersfield, CA) and Traffic Solutions, Inc (Redding, CA). TCSC will continue to expand through acquisitions and strategic expansions, including building out a presence in other Western U.S. markets.

 

Together, the TCSC companies provide a complete range of traffic control products and services for public and private clients. Products include cones, barricades, delineation, lighting, signs, message and arrow boards, concrete barriers and forms, crash cushions and energy absorption products, surveying supplies, k-rail, attenuator rail, apparel, footwear and other safety products. Services include lane, road and freeway closures, construction zone traffic control, traffic control plans, permit process management, special event services and more.

 

About Marwit Capital

Marwit Capital (www.marwit.com) is one of the oldest and most experienced private equity firms in the western U.S. Founded in 1962, Marwit's investment focus is on lower middle market companies based in the Western U.S., with revenues of $20 to $200 million and enterprise values up to $100 million. Marwit specializes in management buyouts, platform LBO acquisitions in partnership with experienced industry executives, recapitalizations, and later stage growth investments. Marwit seeks to invest $10 to $30 million of equity capital per portfolio company, in one or a series of investments, and has invested more than $250 million since 1995. Marwit is currently investing out of Marwit Capital Partners II, a $183.7 million fund.