Brazos Invests in Pavement Marking
Brazos Private Equity Partners, LLC, a Dallas-based private investment firm, has made two investments in the pavement marking industry.
In early June Ennis Traffic Safety Solutions, part of Brazos Equity Fund II, announced it had purchased Pervo Paint, a U.S. paint and thermoplastic products manufacturer.
"Pervo's well-earned reputation as trusted and quality manufacturer will serve to increase Ennis' commitment to better service our customer base and our pledge to improve road safety," said Bryce Anderson, Ennis Paint chairman and CEO.
Founded in 1929 and based out of Los Angeles, Pervo has two manufacturing locations and three distribution centers. Ennis will consolidate manufacturing to its existing facility in Bakersfield, CA, and continue to run all three distribution locations.
Also in June Brazos announced "a significant investment" in Flint Trading Inc., Thomasville, NC, manufacturer of preformed thermoplastic road and safety markings. Brazos said Flint management will continue to run the company and will retain an equity stake in the business.
"With our specialized and diverse preformed thermoplastic road marking product line, we believe Flint is uniquely positioned to benefit from the continued government support of road and airport safety," said Steve Vetter, Flint CEO. "Flint is at an exciting time in its life-cycle, and partnering with Brazos was the right decision for us as we sought the support and resources to drive the company to higher levels of performance."
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