M&A Deal Summary

Parallel49 Equity Acquires Road Safety Services

On November 30, 2017, private equity firm Parallel49 Equity acquired safety/security company Road Safety Services

Acquisition Highlights
  • This is Parallel49 Equity’s 1st transaction in the Safety/Security sector.
  • This is Parallel49 Equity’s 12th transaction in the United States.
  • This is Parallel49 Equity’s 2nd transaction in Nebraska.
Investment Fate
  • Road Safety Services was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2017-11-30
Target Road Safety Services
Sector Safety/Security
Buyer(s) Parallel49 Equity
Deal Type Consolidation

Target

Road Safety Services

Omaha, Nebraska, United States
website
Road Safety Services is a provider of a diverse set of pavement marking and other road safety-related services. Road Safety Services is based in Omaha, Nebraska.

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Buyer(S) 1

Buyer

Parallel49 Equity

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Parallel49 Equity is a private equity firm that invests in mid-sized companies in Canada and the US. The Firm concentrates its investment efforts in the Western and Mid-western regions of both countries. Target businesses generally have enterprise values of $25 to $150 million and are profitable with $5 to $30 million of EBITDA. Parallel49 pursues acquisitions of public or private companies, management-led buyouts, recapitalizations and sales of subsidiaries of larger companies. Broad areas of interest include manufacturing, service, and distribution. Parallel49 will not invest in start-ups, new technologies, turnarounds or companies active in real estate development, gaming, restaurant or primary resource sectors. Parallel49 was formerly known as Tricor Pacific Capital. The Firm has offices in Vancouver, British Columbia, and Chicago, Illinois.

DEAL STATS #
Overall 25 of 26
Sector (Safety/Security) 1 of 1
Type (Consolidation) 1 of 1
State (Nebraska) 2 of 2
Country (United States) 12 of 13
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-28 Kinetrex Energy

Indianapolis, Indiana, United States

Kinetrex Energy is a turn-key provider of environmentally friendly renewable natural gas (RNG) and liquid natural gas (LNG) solutions to customers in the transportation, industrial, agricultural, utility, and power industries. Kinetrex Energy is based in Indianapolis, Indiana.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-24 Avison Young

Toronto, Ontario, Canada

Avison Young is a full-service commercial real estate services company. Avison Young provides value-added, client-centric investment sales, leasing, advisory, management, financing, and mortgage placement services to owners and occupiers of office, retail, industrial and multi-residential properties. Avison Young was established in 1978 and is based in Toronto, Ontario.

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