It was announced today that L2 Capital has acquired Surface Preparation Technologies, a highway rumble strip installer.
Surface Preparation Technologies is a contractor and manufacturer specializing in rumble strip installations on roads and highways. The company was founded in 1988 and is based in Mechanicsburg, PA (www.rumblestrips.com).
L2 Capital Partners invests in privately-owned manufacturing, service and distribution companies with revenues of $10 million to $75 million and valuations of up to $50 million. L2 Capital has over $50 million in available capital and invests from $1 million to $15 million in each transaction. L2 Capital is headquartered in Radnor, PA (www.L2Capital.net).
Woodbridge International, a middle market M&A firm, represented Surface Preparation Technologies on this transaction. The firm was founded in 1993 and serves clients from its eight North American offices and locations in the Netherlands, Mexico, Argentina, Brazil and Honduras (www.woodbridgegrp.com).
