September 05, 2018
MSouth Announces TRP’s Acquisition of Southern States Pavement Markings
Atlanta, GA (September 5, 2018) – TRP Construction Group, an existing portfolio company of MSouth Equity Partners, closed on its add-on acquisition of Southern States Pavement Markings.
Southern States, headquartered in St. Augustine, FL, is a leading highway striping contractor in the Southeast specializing in highway striping and installation of reflective pavement markings. The Company caters to major state-run maintenance projects contracting with state DOTs, including Georgia, South Carolina and Florida.
Bart McLean, an MSouth Partner, said, “We are very excited about the addition of Southern States Pavement Markings to the TRP platform. The investment enhances TRP’s ability to service the large, attractive Southern highway striping market. In addition, Southern States adds significant scale, diversification, and a strong team of industry veterans to the TRP platform. We look forward to our continued partnership with management in building one of the premier highway service and maintenance platforms in the South.”
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $200 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, specialty distribution, niche manufacturing, healthcare services and telecommunications/media companies. With over $2.2 billion under management across four funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.