M&A Deal Summary

Bain Capital Private Equity Acquires Frontline Road Safety Group

On January 30, 2025, private equity firm Bain Capital Private Equity acquired construction company Frontline Road Safety Group from The Sterling Group

Acquisition Highlights
  • This is Bain Capital Private Equity’s 1st transaction in the Construction sector.
  • This is Bain Capital Private Equity’s 125th transaction in the United States.
  • This is Bain Capital Private Equity’s 3rd transaction in Colorado.

M&A Deal Summary

Date 2025-01-30
Target Frontline Road Safety Group
Sector Construction
Buyer(s) Bain Capital Private Equity
Sellers(s) The Sterling Group
Deal Type Secondary Buyout
Advisor(s) Harris Williams
Guggenheim Securities (Financial)
Latham & Watkins (Legal)

Target

Frontline Road Safety Group

Denver, Colorado, United States
Frontline Road Safety Group provides pavement marking services in the United States. It offers a full range of pavement marking and specialty services to meet the needs of prime contractors, governmental agencies, and the public. Frontline Road Safety Group was founded in 2020 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 240 of 244
Sector (Construction) 1 of 1
Type (Secondary Buyout) 68 of 69
State (Colorado) 3 of 3
Country (United States) 125 of 127
Year (2025) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-16 Dhoot Transmission Group

Aurangabad, India

Dhoot Transmission Group is a distinguished group of companies expanding into the global automotive components industry. The company's broad spectrum of business pursuits, extending from the design to manufacturing of Wiring Harnesses and Components (including several EV Components) tailored for Two-wheelers, Three-wheelers, commercial vehicles, Off-road vehicles as well as Farm equipment. Dhoot Transmission Group is based in Aurangabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-05 Milacron

Cincinnati, Ohio, United States

Milacron provides plastics processing equipment, technologies, and services. It offers hot runner systems, temperature controllers, and auxiliary equipment; and mold bases, mold components, cold runner systems, and control systems for the plastics industry. Milacron was founded in 2000 and is based in Cincinnati, Ohio.

Buy $287M

Seller(S) 1

SELLER

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $1000 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.


DEAL STATS #
Overall 33 of 33
Sector (Construction) 2 of 2
Type (Secondary Buyout) 16 of 16
State (Colorado) 2 of 2
Country (United States) 30 of 30
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-08 Overhead Garage Door

Fort Worth, Texas, United States

Overhead Garage Door provides repair, replacement, and installation services in the overhead door and dock industry. OGD operates in 45 MSAs across the Southeast, Midwest, Mid-Atlantic, and Mountain West regions. Overhead Garage Door was founded in 2011 and is headquartered in Fort Worth, Texas.

Buy -