TRP buys five roadway firms, launches new materials division
What's the deal? TRP Infrastructure ServicesDealroom has a profile for this one. Try Dealroom →, a Fort Worth, Texas-based provider of roadway pavement marking and traffic control solutions, has acquired five companies: Interstate Barricades & MarkingsDealroom has a profile for this one. Try Dealroom →, Alamo Roadway MaterialsDealroom has a profile for this one. Try Dealroom →, Traffic Control Products Co.Dealroom has a profile for this one. Try Dealroom →, DIJ ConstructionDealroom has a profile for this one. Try Dealroom →, and Batterson LLPDealroom has a profile for this one. Try Dealroom →. TRP is a portfolio company of Arlington Capital PartnersDealroom has a profile for this one. Try Dealroom →, a Washington, DC-area private investment firm. Terms were not disclosed.
What each firm does: The five are regional market leaders in traffic control and roadway materials. TRP itself runs hundreds of infrastructure projects annually, delivering pavement marking, traffic control, and permanent safety installations.
The expansion: The deals extend TRP's footprint across the Central and Southeast US, adding sites in Texas and Mississippi — including its first location in the state, at Pearl. The Pearl branch will be co-managed by Traffic Control Products founders David and Wendy Garner.
What's the endgame? Vertically integrating its supply chain, TRP is launching Gulf Highway MaterialsDealroom has a profile for this one. Try Dealroom →, a new thermoplastics manufacturing division built on three facilities acquired in the deals. The division will supply pavement marking materials for TRP's regional projects at lower cost.
Why now? "The Central and Southeast US are among the fastest growing regions in the country, leading to increasing demand on aging roadway infrastructure," said Michael Lustbader, a managing partner at Arlington, which first invested in TRP in 2021.
The founders of each acquired company will join TRP and continue to lead their businesses. "I am grateful to the Clark, Garner, Floyd, and Batterson families," said TRP chief executive officer Andrew Liebert.
The signal: The moves point to a consolidation play in roadway infrastructure, a sector Arlington sees growing more important as autonomous vehicles arrive. Principal Mark Giragosian said the firm plans to develop "new safety solutions by investing in automation and robotics technologies" to protect drivers and road workers.
Read more: Rutland Herald
Image credit: KOMUnews
