STAMFORD, Conn., June 13, 2016 /PRNewswire/ -- Stamford, Connecticut-based Olympus Partners has acquired Road Infrastructure Investment Holdings, Inc. d/b/a Ennis-Flint ("Ennis-Flint"), the world leader in pavement markings and traffic safety solutions. With a diverse customer base of private contractors, government agencies and independent distributors, Ennis-Flint supplies a wide range of products including: traffic paint, hot-applied and preformed thermoplastic, raised pavement markers and intelligent transportation systems from a network of 20 manufacturing facilities on four continents.
"Ennis-Flint is a market leader that is well-positioned to capitalize on increasing global investments in traffic safety," said Dave Cardenas, Partner at Olympus. "We are excited to invest in the company and look forward to working alongside Steve Vetter, Matt Soule and the rest of the highly experienced management team. We will continue to support the company's long history of growth through additional internal investment as well as through strategic acquisitions."
Steve Vetter, CEO of Ennis-Flint, said, "We are happy to partner with Olympus and believe they are ideally positioned to support our next phase of growth and development. We look forward to working with them as we continue to focus on providing traffic safety solutions that create value for our global customers."
Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including restaurants, consumer products, healthcare services, financial services, packaging and business services.
Olympus manages in excess of $5.5 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. The acquisition of Ennis-Flint marks Olympus' sixth investment out of its $2.3 billion sixth fund.
The Olympus team included Dave Cardenas, David Haddad, Matt Boyd, and Sam Greenberg. Olympus was represented by Benjamin Clinger and Matthew Goulding from Kirkland & Ellis.
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SOURCE Olympus Partners