News

October 05, 2017

MSouth Closes the Acquisition of TRP Construction Group

Atlanta, GA (October 5, 2017) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment.  In partnership with management, MSouth completed the acquisition of TRP Construction Group.

The Company, headquartered in Haltom City (Ft. Worth), TX, is a leading provider of thermoplastic striping, painting and markers, rumble strips and traffic control services, including: delineation devices, warning signs and maintenance & consulting services. The majority of the Company’s revenue is derived directly or indirectly from the Texas Department of Transportation and local municipalities. TRP serves its customer base via two strategically located facilities in Ft. Worth, Texas and Austin, Texas.

Bart McLean, an MSouth Partner, said, “We are very excited about our investment in TRP Construction Group.  The management team has had tremendous success over the past several years and has elevated TRP to one of the premier highway construction and maintenance platforms in their addressable markets. We are looking forward to our partnership with management and to continuing to build the business.”

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 $150 million.  Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of companies in sectors where the firm has significant investment, management and transactional experience.  MSouth invests with the objective of increasing operating cash flow through growth initiatives and active ownership.  A key element of MSouth's investment strategy is partnering with proven management teams to create value.  With $1.3 billion under management across three funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.