Trafficware Group, a portfolio company of KRG Capital Partners, has acquired PSI Acquisition, a manufacturer of traffic management equipment. KRG made an investment in Trafficware in November 2011, representing the 10th of 14 platform company investments made to date in KRG Fund IV.
PSI Acquisition’s product line includes a variety of CALTRANS traffic control cabinets, controllers and conflict monitors, power backup technologies, and cyberlock security access systems. PSI Acquisition was formerly known as Phillip-Sisson Industries. The company was founded in 1989 and is based in Salem, OR (www.psi-mfg.com).
“Trafficware is committed to bringing innovation and technology to the traffic industry, as well as a broad portfolio of products. Our goal is to equip our customers with the ability to solve the most complex traffic management problems, whether through organic product development, partnership, or acquisition,” said Jon Newhard, CEO of Trafficware. “The acquisition of PSI represents another step in this process by bringing quality CALTRANS approved cabinets into the Trafficware family.”
Trafficware specializes in the research, design, and development of electronic equipment and software for the transportation industry. Products include integrated hardware (traffic cabinets, stand-alone controllers and other peripherals) and software products that allow users to control traffic through intelligent systems. The company’s products are used by municipalities and state departments of transportation. Additionally, Trafficware develops and sells traffic flow simulation software through its “SynchroSuite” product line that is used by traffic engineers and consultants. Trafficware is headquartered near Houston in Sugar Land, TX (www.trafficware.com).
KRG Capital specializes in acquiring and recapitalizing unique and profitable middle-market companies. Since inception, KRG has invested in 45 platform companies and has completed 147 add-on acquisitions for those platforms. Founded in 1996, KRG has over $4 billion of capital under management and is based in Denver (www.krgcapital.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 3-10-14
