NORTH CANTON, Ohio,
July 31, 2024 /PRNewswire/ --
AWP Safety, North America's
leading provider of safety and traffic control solutions, has
announced its strategic acquisitions of Washington Traffic Control,
LLC, based in Seattle, Wash., and
Western Traffic Control, LLC, based in Vancouver, Wash. (collectively known as
"WTC"). The acquisitions strengthen AWP Safety's position as a
choice traffic control partner for North
America's utility, broadband, and infrastructure markets and
expands the company's footprint in Washington and Oregon. Transaction terms were not disclosed.
AWP Safety is majority-owned by Kohlberg & Company, a leading
private equity firm based in Mount Kisco,
NY.
Together, AWP Safety and WTC will deliver the industry's most
comprehensive portfolio of worksite protection products and
services including strategic traffic control planning, permit
acquisition, temporary traffic control and equipment sales and
rentals.
The acquisition of Washington Traffic Control complements AWP
Safety's existing operations in the greater Seattle area, while the acquisition of Western
Traffic Control expands AWP Safety's footprint into northern
Oregon.
"We are extremely excited about the safety expertise,
capabilities and talent these companies add to our growing AWP
Safety family," said Rob Sehnert,
AWP Safety president and chief executive officer. "Both have strong
existing leadership positions in utility and broadband work and
demonstrate exceptional alignment to our focus on delivering
industry-leading safety and customer experiences. We look forward
to growing together."
Ron Matthews, president at WTC,
added, "I am proud of our WTC teams' accomplishments and rapid
growth since the founding of our companies. We are excited to
partner with AWP Safety for a new phase of growth in supporting our
customers' operations with best-in-class service and safety
solutions."
Macquarie Capital and Clew Partners served as financial advisors
to AWP Safety.
About AWP Safety
AWP Safety, North America's most
trusted worksite safety partner, protects the people who build and
maintain utility, broadband and transportation infrastructure.
Customers rely on AWP Safety for comprehensive and innovative
safety solutions like flagging, Smart Work Zones, design and
engineering for transportation management plans, equipment sales
and rentals, and 24/7 support. More than 7,900 team members in 29
U.S. states and four Canadian provinces will secure 1+ million
work sites in 2024. Since our founding in 1981, we have served
customers through the talent of extraordinary team members
committed to customer focus, growth, valuing each other, safety and
quality, and a sense of urgency.
About Kohlberg & Company
Kohlberg is a leading U.S. middle market private equity firm
based in Mount Kisco, New York.
Over the firm's 37-year history, the firm has organized 11 private
equity vehicles totaling in aggregate over $14 billion. Since inception, the firm's private
equity investments have generated over $10
billion in realized returns with no realized losses since
Fund VI (2007 vintage). The firm invests in leading middle market
businesses that are identified through its rigorous thematic
research and the firm's White Paper Program in its six core
practice areas. For more information, please visit
www.kohlberg.com
About Washington Traffic Control, LLC
Based in Seattle, Wash.,
Washington Traffic Control was founded in 2020 and provides an
array of services from traffic control planning and encroachment
permit acquisition to equipment sales, rental, and maintenance. The
company serves contractors, builders, and municipalities throughout
the state of Washington.
About Western Traffic Control. LLC
Based in Vancouver, Wash., Western
Traffic Control was founded in 2021 and delivers an extensive
traffic control portfolio including planning, permit acquisition
and equipment sales and rentals. The company serves contractors,
builders and municipalities throughout southern Washington and Oregon.
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SOURCE AWP Safety