M&A Deal Summary

Harvest Partners Private Equity Acquires Road Safety Services

On December 12, 2023, private equity firm Harvest Partners Private Equity acquired safety/security company Road Safety Services from Parallel49 Equity

Acquisition Highlights
  • This is Harvest Partners Private Equity’s 2nd transaction in the Safety/Security sector.
  • This is Harvest Partners Private Equity’s 46th transaction in the United States.
  • This is Harvest Partners Private Equity’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2023-12-12
Target Road Safety Services
Sector Safety/Security
Buyer(s) Harvest Partners Private Equity
Sellers(s) Parallel49 Equity
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)
Honigman (Legal)

Target

Road Safety Services

Omaha, Nebraska, United States
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

Harvest Partners Private Equity

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 49 of 49
Sector (Safety/Security) 2 of 2
Type (Secondary Buyout) 27 of 27
State (Nebraska) 1 of 1
Country (United States) 46 of 46
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Sparq

Atlanta, Georgia, United States

Sparq is a provider of outsourced digital engineering to build, deploy and support digital applications, products, and experiences. The company's U.S.-centric, 100% remote delivery model accesses untapped and underleveraged technology talent and eliminates the obstacles of distant time zones, language, and geopolitical risks. Scrum-as-a-Service, Sparq’s engagement framework for Agile software engineering, provides rapid and flexible deployment of multidisciplinary teams via an elastic consumption model and predictable monthly pricing. It provides solutions for technology-driven and Fortune 1000 clients across various industries including Logistics and Transportation, Healthcare, High-Tech, and Financial Services. Sparq was founded in 2004 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-15 Service Express

Grand Rapids, Michigan, United States

Service Express is a provider of Third Party Maintenance (“TPM”) services for mission-critical data center infrastructure focused on server and storage equipment. Service Express was founded in 1986 and is based in Grand Rapids, Michigan.

Sell -

Seller(S) 1

SELLER

Parallel49 Equity

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor


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 21 of 22
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 6 of 7
State (Nebraska) 2 of 2
Country (United States) 10 of 11
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Eden Valders Stone

Eden, Wisconsin, United States

Eden Valders Stone is a natural stone producer that owns and operates ten quarries, which have been formed over time to create some of the most beautiful, durable, and high-performing natural stone in the world. Eden Valders Stone was founded in 1950 and is based in Eden, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Questco

The Woodlands, Texas, United States

Questco is a professional employer organization. Questco provides human resource management and administrative services through a co-employment relationship with its clients. The Company enables its clients to cost-effectively outsource the management of employee benefits, workers compensation, human resources, payroll, and other administrative services. Questco was established in 1989 and is based in The Woodlands, Texas.

Sell -