RoadSafe Traffic Systems Acquires B.C. Cannon Co., Inc

CHICAGO–(BUSINESS WIRE)–Jan 22, 2024–

RoadSafe Traffic Systems, Inc. (RoadSafe), a leading provider of infrastructure services, today announced the acquisition of B.C. Cannon Co., Inc (B.C. Cannon). Headquartered in Greenville, South Carolina, B.C. Cannon has supplied traffic control services and products to heavy highway and utility companies for decades.

“The company brings a 40-year history of providing exceptional traffic safety service and products to the Southeast. This experience and trust, paired with their strategic locations, strengthens our market presence in the Carolinas and enhances our ability to provide outstanding service to our customers in the region.”Post this

This is RoadSafe’s 12th acquisition since entering a strategic partnership with private equity firms Investcorp and Trilantic North America in 2021. The addition of B.C. Cannon will further expand RoadSafe’s operations and support traffic control and road striping activities across the Carolinas.

“B.C. Cannon’s expertise and customer centric values align seamlessly with RoadSafe’s mission,” said Kevin O’Meara, CEO of RoadSafe. “The company brings a 40-year history of providing exceptional traffic safety service and products to the Southeast. This experience and trust, paired with their strategic locations, strengthens our market presence in the Carolinas and enhances our ability to provide outstanding service to our customers in the region.”

“B.C. Cannon has proudly served as the premier traffic safety company in the Carolinas for three generations,” said DeDe Cannon, CEO of B.C. Cannon. “We are excited for our partnership with RoadSafe and look forward to continuing to provide high-quality products and services to our customers for many years to come.”

About RoadSafe Traffic Systems, Inc.

RoadSafe is one of the nation’s largest providers of infrastructure safety services and products. The company’s offerings include traffic control, pavement markings, sign manufacturing and installation, and distribution of innovative traffic safety products. RoadSafe’s customers include heavy highway contractors, state transportation departments, municipal governments, special events organizations, U.S. railroads and utility companies. For more information, visit www.roadsafetraffic.com.

About Trilantic North America

Trilantic Capital Management L.P. (“Trilantic North America”) is a growth-focused middle market private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services and consumer sectors. Since inception, Trilantic North America has managed seven private equity fund families with aggregate capital commitments of $10.9B.

For more information, visit www.trilanticnorthamerica.com.

About Investcorp

Investcorp is a global investment manager, specializing in alternative investments across real estate, private equity, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management. Since inception in 1982, Investcorp has focused on generating attractive returns for its clients, while creating long-term value in its portfolio companies by adopting a disciplined investment process, employing talented professionals, and utilizing the resources of a global institution with an innovative approach.

The firm invests capital in our products and strategies, ensuring that interests are aligned with investors and stakeholders in pursuit of sustainable value creation through its investments and in the communities in which it operates. The firm takes pride in partnering with clients to deliver tailored solutions for their needs.

Today, Investcorp manages $50 billion in assets, including assets managed by third party managers. Investcorp has 14 offices in the US, Europe, GCC and Asia, including, India, China, Japan and Singapore and employs approximately 500 people from 50 nationalities globally.

Contacts

Prosek Partners
Pro-RoadSafe@prosek.com