M&A Deal Summary

Trilantic North America and Investcorp Acquire RoadSafe Traffic Systems

On April 12, 2021, private equity firm Trilantic North America and asset manager Investcorp acquired safety/security company RoadSafe Traffic Systems from ORIX Capital Partners

Acquisition Highlights
  • This is Trilantic North America’s 1st and Investcorp’s 2nd transaction in the Safety/Security sector.
  • This is Trilantic North America’s 43rd and Investcorp’s 74th transaction in the United States.
  • This is Trilantic North America’s 3rd and Investcorp’s 7th transaction in Illinois.

M&A Deal Summary
Date 2021-04-12
Target RoadSafe Traffic Systems
Sector Safety/Security
Buyer(s) Trilantic North America
Investcorp
Sellers(s) ORIX Capital Partners
Deal Type Secondary Buyout

Target

RoadSafe Traffic Systems

Chicago, Illinois, United States
RoadSafe Traffic Systems is a provider in the U.S. of temporary traffic control devices on a rental basis, pavement marking and sign installation services. Roadsafe's customers consist of contractors, state and local departments of transportation and other agencies and railroad and utility companies engaged in highway and street construction and maintenance. Roadsafe also operates a studio equipment rental business engaged in the rental of aerial lift and other high-reach equipment for feature film, episodic television, commercials and video production in the greater Los Angeles area and in Albuquerque, New Mexico. RoadSafe Traffic Systems is based in Chicago, Illinois.

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Buyer(S) 2

Buyer

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.

DEAL STATS #
Overall 45 of 55
Sector (Safety/Security) 1 of 2
Type (Secondary Buyout) 7 of 7
State (Illinois) 3 of 4
Country (United States) 43 of 53
Year (2021) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 Ingenovis Health

Cincinnati, Ohio, United States

Ingenovis Health is a tech-enabled platform for healthcare staffing firms and innovative technology to advance the delivery of critical healthcare clinicians to systems nationwide. Ingenovis Health is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Quickparts

Seattle, Washington, United States

Quickparts provides custom manufacturing services for engineers and designers looking to create plastic and metal parts from 3D CAD (computer-aided design) models. Quickparts was founded in 1999 and is based in Seattle, Washington.

Buy $82M
Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 160 of 176
Sector (Safety/Security) 2 of 2
Type (Secondary Buyout) 55 of 58
State (Illinois) 7 of 8
Country (United States) 74 of 81
Year (2021) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Kee Safety

West Midlands, United Kingdom

Kee Safety is a provider of fall protection solutions and products associated with working at height. The Company’s products have a longstanding reputation for their quality, reliability, and safety and include fall prevention equipment, roof edge protection, barrier and guardrail systems, and safe access solutions. Kee Safety was founded in 1934 and is based in West Midlands, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Linkedcare

Shanghai, China

Linkedcare is a Software-as-a-Service (SaaS) and supply chain management provider serving more than 30,000 dental and medical aesthetic clinics in China. Linkedcare was founded in 2015 and is based in Shanghai, China.

Buy -

Seller(S) 1

SELLER

ORIX Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ORIX Capital Partners is a wholly owned subsidiary of ORIX Corporation USA and is an affiliate of Mariner Investment Group LLC. ORIX Capital Partners seeks direct equity investments in established middle-market companies throughout North America. The Firm looks to commit $100 to $250 million of capital in profitable businesses with $20 to $50 million of EBITDA. Sectors of interest include business services, infrastructure services, and industrials. ORIX Capital Partners is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 Specialty Welding and Turnarounds

Gonzales, Louisiana, United States

Specialty Welding and Turnarounds is a provider of specialty welding and other highly technical services to the oil and gas refinery, biodiesel, petrochemical, and industrial markets. Specialty Welding and Turnarounds was founded in 2014 and is based in Gonzales, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Optimal

Irvine, California, United States

Optimal provides digital strategy, media planning, media buying, and placement in addition to real-time optimization, data analytics and reporting as well as measurement services to its clients. Optimal is based in Irvine, California.

Buy -
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