CHICAGO–(BUSINESS WIRE)–RoadSafe Traffic Systems, Inc. (“RoadSafe”), the nation’s largest provider of traffic control and pavement marking services, announced today the acquisition of Western Remac, LLC (f/k/a Western Remac, Inc.) (“WRI”). Based in Woodridge, Illinois, WRI provides sign manufacturing and installation services throughout the Upper Midwest to the private and public works sectors.
WRI is RoadSafe’s eighth acquisition in the past two years. Since the 1960s, WRI has provided services to support American infrastructure and, over the years, the company has broadened its scope beyond digital sign and screening manufacturing to also include sought-after in-house sign installation capabilities.
“RoadSafe is excited to continue our expansion with WRI. We have successfully performed large sign manufacturing and overhead installation in our New England region for years and are very pleased to bring these additional services to our existing Midwest customers and grow our private sector client base. WRI has very deep roots in our industry, and we will leverage its experienced management team’s commitment to quality and safety as we integrate them into RoadSafe’s operations,” said Joe Scarano, President of RoadSafe.
“We are excited to join the RoadSafe family and expand our offerings while continuing to provide the same excellent products and services to our customers,” said Michael Conoscenti, Vice President of Business Development for WRI. “RoadSafe’s line of highway safety products and services are a perfect complement to WRI’s operations. We look forward to the growth opportunities this partnership affords and the next chapter of our journey in the transportation safety industry.”
About RoadSafe Traffic Systems, Inc.
RoadSafe is the nation’s largest provider of traffic safety services, pavement markings, and innovative traffic safety products. Its customers include heavy highway contractors, state transportation departments, municipal governments, special events organizations, U.S. railroads and utility companies. For more information, visit www.roadsafetraffic.com.
About Trilantic North America
Trilantic Capital Management L.P. (“Trilantic North America”) is a growth-focused middle market private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services and consumer sectors. Trilantic North America has managed six private equity fund families with aggregate capital commitments of $9.9 billion. For more information, visit www.trilanticnorthamerica.com.
About Investcorp
Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure and insurance asset management. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.
For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.
Contacts
Media
Claire Walsh
Prosek Partners
Pro-Trilantic@prosek.com
