Blue Sage Capital has acquired Barricades Unlimited, a provider of traffic safety and control products.
Barricades Unlimited rents and sells lane markers, barricades, message boards, channelizing devices, work zone signs, and road construction work apparel. The company also provides metal beam guardrail installation and repair services.
Barricades, led by CEO Chris Boutwell and COO David Crews, was founded in 1991 and is headquartered in Lubbock, Texas with four additional Texas locations in Denton, Midland, Amarillo, and San Angelo.
“We are excited to partner with Chris and David in helping Barricades become the largest provider of traffic control, pavement marking and related services in the state of Texas,” said Eric Weiner, a partner at Blue Sage. “Barricades has a unique set of processes and systems that make it stand out from the crowd as a platform that we can leverage to acquire businesses within a highly fragmented industry.”
“Our partnership with Blue Sage represents the next evolution in our company’s history,” said Mr. Boutwell. “The team at Blue Sage will help provide the capital and strategic resources to accelerate our growth through greenfield expansion as well as through mergers and acquisitions while still enabling us to deliver the highest level of service to our customers.”
Austin, Texas-based Blue Sage specializes in growth, recapitalization and buyout financings of smaller middle-market companies. The firm typically invests from $20 million to $40 million in control buyout investments and recapitalizations of companies with $20 million to $125 million of revenue.
Baird Business Owners Solutions, with offices in Louisville and Cincinnati, was the financial advisor to Barricades on this transaction.
Private Equity Professional | June 5, 2020
The post Blue Sage Invests In Traffic Control Platform appeared first on Private Equity Professional.
