WASHINGTON & FORT WORTH, Texas – (BUSINESS WIRE) – Dec. July 2021–
Arlington Capital Partners (“Arlington Capital” or “Arlington”), a Washington, DC-based private equity firm, today announced that it has partnered with the existing management team and founders to acquire TRP Infrastructure Services (“TRP “Or the” Company “).
Founded in 2010 and headquartered in Fort Worth, Texas, TRP is a leading provider of safety critical and highly regulated road marking and traffic control solutions primarily to state and local end customers, served either directly or through general contractors. TRP’s core offering focuses on recurring maintenance projects to keep American roads safe. The company has a broad and diverse presence with offices in Texas, Florida, Georgia, North Carolina, South Carolina, Alabama, and Arkansas.
Michael Lustbader, Managing Partner at Arlington Capital, said, “TRP has established itself as the premier national provider that can leverage its size, geographic density and professional organization to deliver critical road services to its diverse customer base. We look forward to working with co-founders Rod Pekurney and Nathan Aust and the rest of the team to further build the company’s established reputation in the industry as a quality service provider and preferred buyer. Additionally, we are excited to continue the company’s impressive growth record along with several macroeconomic tailwinds, including the upcoming Infrastructure Bill in Congress and the impact of autonomous vehicles on lane markings. “
Rod Pekurney, CEO and Co-Founder of TRP, said, “We believe that Arlington Capital will be the ideal partner for TRP as we move into our next phase of growth and the entire management team looks forward to leveraging Arlington’s extensive expertise and relationships in the state . ”And local government sector. Together we plan to continue our geographic expansion and service offering while maintaining our high quality customer service and employee culture. “
Bilal Noor, Vice President of Arlington Capital, said, “The company’s market-leading capabilities, skilled workforce and strong customer relationships make TRP an ideal platform for future organic and inorganic growth. In addition, we believe that TRP will play a vital role in the national mandate to improve and upgrade the country’s road infrastructure. “
TRP’s senior management made significant investments in the company as part of the transaction and will continue to lead the company’s strategic growth initiatives going forward.
About Arlington Capital Partners
Arlington Capital Partners is a Washington, DC-based private equity firm currently investing from Arlington Capital Partners V, LP, a $ 1.7 billion fund. The company has approximately $ 4.0 billion in committed capital through five mutual funds. Arlington is focused on mid-market investment opportunities in growth industries such as government services and technology, aerospace and defense, healthcare, and business services and software. The company’s professionals and network have a unique combination of operational and personal equity experience that enables Arlington to be a value-adding investor. Arlington invests in companies in partnership with highly qualified management teams who are motivated to establish and / or develop their company’s position as a leading competitor in their field. www.arlingtoncap.com
About TRP Infrastructure Services
Founded in 2010 by Rod Pekurney and Nathan Aust, TRP Infrastructure Services is a provider of road markings (e.g., pavement markings, reflective markings, rumble strips) and traffic control services in Texas and the southeastern United States. TRP has successfully provided lane marking and traffic control services for more than 5,000 highway infrastructure projects, including complex urban junctions, highways, toll roads, bridges, and city / county crossings.
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CONTACT: Michael Lustbader and Bilal Noor
Arlington Capital Partners
5425 Wisconsin Avenue, Suite 200
Chevy Chase, MD 20815
202-337-7500
KEYWORD: UNITED STATES NORTH AMERICA TEXAS DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: PUBLIC TRANSPORT OTHER TRANSPORT CONSTRUCTION & REAL ESTATE FINANCING URBAN PLANNING TRANSPORT PROFESSIONAL SERVICES TRANSPORT OTHER CONSTRUCTION & REAL ESTATE TRIPS
SOURCE: Arlington Capital Partners
Copyright Business Wire 2021.
PUB: 07/12/2021 5:42 pm / DISC: 07/12/2021 5:42 pm
http://www.businesswire.com/news/home/20210712005815/en
Copyright Business Wire 2021.