July 09, 2021
MSouth Announces Successful Exit of TRP Infrastructure Services
Atlanta, GA (July 9, 2021) – MSouth Equity Partners, a private equity firm based in Atlanta with an office in Nashville, announced the sale of TRP Infrastructure Services, LLC (“TRP”) to Arlington Capital Partners (“ACP”). TRP, based in Fort Worth, TX, is a leading provider of safety-critical roadway marking and traffic control solutions primarily to state and local government end-customers, whom it serves either directly or through general contractors. TRP’s core offering focuses on recurring maintenance projects to maintain state and municipal roadways. The Company has a broad and diverse footprint, with operations in Texas, Florida, Georgia, North Carolina, South Carolina, Alabama, and Arkansas.
Rod Pekurney, the CEO of TRP, added “Myself and the entire TRP team feel a little bittersweet about the recent transaction to ACP. Our relationship with MSouth was truly outstanding. We simply could not have asked for a better partner. The culture was a perfect match during the entire relationship. It was a tremendous run, and I will miss the daily interactions, but know I have made life-long mentors and friends.”
R.W. Baird served as financial advisor to TRP. Eversheds Sutherland served as legal counsel for MSouth.