MSouth Equity Partners has acquired TRP Construction Group, a maker of traffic control products.
TRP Construction Group is a provider of thermoplastic striping, painting and markers, rumble strips and other traffic control services. The majority of the company’s revenue is derived directly or indirectly from the Texas Department of Transportation and other local municipalities. TRP serves its customer base via two facilities in Ft. Worth, TX (headquarters) and Austin, TX.
“We are very excited about our investment in TRP Construction Group,” said Bart McLean, an MSouth Partner. “The management team has had tremendous success over the past several years and has elevated TRP to one of the premier highway construction and maintenance platforms in their addressable markets. We are looking forward to our partnership with management and to continuing to build the business.”
MSouth invests from $10 million to $50 million in companies that have from $5 million to $20 million in EBITDA and are valued from $25 million to $150 million. Sectors of interest include business services, healthcare, manufacturing, media and telecommunications, and specialty distribution. MSouth has $1.3 billion of capital under management across three funds and is headquartered in Atlanta (www.msouth.com).
Monroe Capital (www. monroecap.com) was the sole lead arranger and administrative agent on the funding of a senior credit facility to support this transaction.
© 2017 Private Equity Professional | October 25, 2017
