Leading provider of rentals and sales for the traffic safety industry
Salt Lake City, Utah (January 28, 2021) – The Forbes M+A Group (Forbes), a leading middle market transaction advisory firm, is pleased to announce its client, Traffic Safety Rentals (TSR), has successfully been acquired by Area Wide Protection (AWP), America’s traffic control leader.
“When we were approached by several companies last spring that were interested in purchasing our business, we knew we needed some help,” Said Stephanie Nix, CEO and co-owner of Traffic Safety rentals, “Forbes M+A had been referred by a local networking contact and we are so glad we contacted them. They had a process that helped us get the most out of our business and kept things organized and on track. We highly recommend them.”
“We were able to work efficiently with TSR and its owners in order to clearly understand their message and position them for optimal valuation within the market,” said James Morgan, Managing Director and co-advisor, “With their comprehensive blueprint in mind, we were able to attract the right buyers, between private equity groups and regional competitors alike.”
“It was an honor to work side by side with Traffic Safety Rentals in finding them the best possible partner for their company. I am excited to see AWP take the company to the next level,” said Garit Lawson, Managing Director and co-advisor on the deal. “The traffic control services industry is poised for continued growth and we expect to see robust M&A activity within the space in 2021.”
About Traffic Safety Rentals
Traffic Safety Rentals, formed in 2003, with just a pickup truck and trailer, now serves all of Utah and the surrounding states. Traffic control plans, signs, and safety equipment represent an integral part of any construction project. TSR specializes in state-of-the-art channelizing devices, signs, stands, and safety equipment and the comprehensive system we provide–from rentals to repairs, from sales to service. With over 40 years of experience, the team understands being the best means providing outstanding service, quality and value with competitive prices to all customers.
About AWP
Area Wide Protective (AWP) is America’s Traffic Control Leader. AWPs commitment to traffic safety directly reflects their mission, protection of people, their clients’ businesses, and their time. AWP delivers comprehensive traffic management services in support of infrastructure projects, construction, and utility work that improve roadways and communities across the country. Specializing in supplying the manpower to guide traffic safely around work zones. They also provide traffic consultation and traffic design services, as well as traffic control equipment rental.
About The Forbes M+A Group
The Forbes M+A Group, founded in 2004 with offices in Denver, CO and Salt Lake City, UT is an award-winning investment bank with expertise in mergers and acquisitions, capital formation, and financial restructuring within the middle market. The group has over 15 years of experience delivering outstanding results for business owners, entrepreneurs, and investors. Advisors at The Forbes M+A Group have 250+ years of combined experience in international transactions across a wide variety of industries. The Forbes M+A Group has been recognized as a leader within the middle market as a regional M&A Firm of the Year for the past 5 years. For more information, please visit us at www.forbes-partners.com or phone at (303) 770-6017.
Media Contact: Sara Cody | +1 (303) 558-1462 | Sara.Cody@forbes-partners.com
For more information on this and other transactions, contact The Forbes M+A Team.