Area Wide Protective, a portfolio company of The Riverside Company, has acquired Northern Colorado Traffic Control.
Northern Colorado Traffic Control (NCTC) is a provider of outsourced traffic management services to engineering and construction companies, municipalities, utilities and utility contractors and the Colorado Department of Transportation.
The company’s services include traffic planning, equipment and personnel packages, work zone set-up, traffic control product rental and sales. and the generation of custom signage through its in-house fabrication shop. NCTC was founded in 1993 and is headquartered in Greeley, CO (www.nocotraffic.com).
Area Wide Protective (AWP) helps direct or re-route traffic in support of construction, repair, or maintenance projects affecting public roads. AWP provides on-site technicians, equipment and vehicles, in addition to permitting and design services. The company has a variety of customers but mainly serves utilities, utility contractors, and telecommunications companies. AWP has more than 3,000 employees and a fleet of nearly 1,500 fully equipped pick-up trucks and traffic specialty vehicles. The company has 60 locations in 20 states throughout the Midwest, East, and Southeast and is headquartered near Akron in Kent, OH (www.awptrafficsafety.com).
“NCTC is a clear leader as one of the largest traffic control providers in Colorado – a state that represents an attractive new market for AWP,” said Riverside Managing Partner Suzy Kriscunas. “NCTC is well-respected by customers in its market, and we look forward to building off of that reputation as we expand service offerings and add resources to support growth in the region.”
Riverside acquired AWP in June 2015 from Blue Point Capital Partners. The buy of NCTC is the seventh add-on completed under Riverside ownership.
“We’re excited to work with an already successful company that maintains strong relationships and business results,” said Riverside Partner Ryan Richards. “We also continue to seek strategic add-ons for the platform that complement and accelerate the organic growth of AWP.”
Working with Ms. Kriscunas and Mr. Richards on the transaction were Operating Partner Tom Anderson, Vice President Constantine Elefter, Associate Jens Talbert and Associate Charlie Cooper. Riverside Partner Anne Hayes helped secure financing for the firm. Managing Partner Jeremy Holland sourced the transaction for Riverside.
The Riverside Company is a global private equity firm focused on investing in and acquiring growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 730 transactions and its portfolio includes more than 75 companies. The firm is headquartered in New York with 16 additional US and international offices (www.riversidecompany.com).
© 2019 Private Equity Professional | May 28, 2019