RoadSafe Traffic Systems, a portfolio company of Investcorp and Trilantic North America, has added on with the buy of North Valley Barricade, a provider of traffic control and construction safety products.
North Valley Barricade (NVB) is based in Yuba City, California, and is a retailer of traffic control and construction safety products.
According to RoadSafe, it is the largest national provider of pavement marking, sign installation, and traffic control services and equipment used by roadway construction, state transportation, railroad and utility customers.
RoadSafe, led by CEO David Meirick and President Joe Scarano, is headquartered in Chicago and has more than 50 locations with over 1,600 employees. RoadSafe was acquired by Investcorp and Trilantic in April 2021 from ORIX Capital Partners.
The acquisition of NVB is the sixth add-on closed by RoadSafe under Investcorp and Trilantic ownership. The five earlier add-ons include Massachusetts-based Liddell Bros (March 2022), California-based Quattuor Construction (January 2022), North Carolina-based Clark Pavement Markings (January 2022), Utah-based Barricade Services & Sales (October 2021), and Utah-based Innovative Marking Systems (May 2021).
“RoadSafe’s specialty distribution division has been one of our key organic growth engines,” said Mr. Scarano. “Our footprint allows us to provide distribution channels to some of our industry’s best and most cutting-edge manufacturers and suppliers. The strategic purchase of NVB in northern California further expands our ability to supply safety products to our customers.”
Investcorp is active in alternative investments including private equity, real estate, absolute return investments, and credit management. Since its founding in 1982, Investcorp has closed more than 195 private equity transactions across a range of sectors including retail and consumer products, technology, business services and industrials. Investcorp, with $35 billion of assets under management, has more than 430 employees with multiple offices including in New York City, London, and Bahrain.
Trilantic North America makes control and significant minority investments of $50 million to $300 million in North America-based companies that have enterprise values of $50 million to $1 billion. Trilantic was formed in 2009 by former members of Lehman Brothers Merchant Banking and is based in New York City.
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