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.
“We are very pleased with the result of our investment in TRP,” said Bart McLean, an MSouth Partner. “Rod Pekurney and his team are best-in-class operators in the industry and were critical to the value creation we experienced during our investment. We look forward to watching their continued success in the future.”
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.
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 $250 million. Based in Atlanta with an office in Nashville, 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 more than $2.2 billion of capital raised across four funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.