M&A Deal Summary

Race Rock Acquires Highway Safety

On January 11, 2023, growth capital firm Race Rock acquired manufacturer Highway Safety

Acquisition Highlights
  • This is Race Rock’s 1st transaction in the Manufacturing sector.
  • This is Race Rock’s 7th transaction in the United States.
  • This is Race Rock’s 1st transaction in Maryland.

M&A Deal Summary
Date 2023-01-11
Target Highway Safety
Sector Manufacturing
Buyer(s) Race Rock
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Sperry, Mitchell & Co., Inc. (Financial)

Target

Highway Safety

Glastonbury, Maryland, United States
Highway Safety is a provider of guardrail, bridge rail, and solar panel support structures. Highway Safety was founded in 1978 and is based in Glastonbury, Maryland.

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Buyer(S) 1

Buyer

Race Rock

Investor

Category Growth Capital Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Race Rock Group is a private investment firm focused on majority control or minority positions in profitable lower middle-market companies. The Firm generally looks for businesses operating in the gulf coast or Midwest areas in the US. Sectors of interest include retail equipment, financial services, manufacturing, chemicals, food/beverage, industrial services, and real estate. Race Rock Group is headquartered in Houston, Texas.

DEAL STATS #
Overall 7 of 8
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 7
State (Maryland) 1 of 1
Country (United States) 7 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 Structural & Steel Products

Fort Worth, Texas, United States

Structural & Steel Products is a manufacturer and distributor of products used in the highway construction end-market, including overhead sign structures, guardrails, crash cushions, lighting poles and bridge decking. The Company manufactures tubular structures used in the communication and power transmission industries. Structural & Steel Products was founded in 1969 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 Texas Corrugators

Hutto, Texas, United States

Texas Corrugators is a major fabricator and distributor of steel safety products used primarily on highways, parking lots, and site work. Texas Corrugators is based in Hutto, Texas.

Buy -
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