RICHMOND, VA – Ennis-Flint, a portfolio company of Brazos Private Equity Partners LLC (Brazos), has been sold to Olympus Partners (Olympus). Ennis-Flint is a market leader within the global traffic safety industry. Harris Williams & Co., a middle-market investment bank focused on the advisory needs of clients worldwide, served as the financial advisor to Ennis-Flint.
“The Ennis-Flint management team and Brazos have done an exceptional job transforming the company from the leading North American road markings business into a broader global traffic safety platform,” said Mike Hogan, a Managing Director at Harris Williams & Co. “The opportunity to further expand in both core segments and new traffic safety categories, along with various industry tailwinds, bodes well for Ennis-Flint’s continued success.”
“This transaction was particularly satisfying given our longstanding relationships with the management team as well as Brazos,” said John Arendale, a Managing Director at Harris Williams & Co. “We have the utmost respect for what the company has achieved under Brazos’ and management’s ownership.”
Ennis-Flint is the worldwide leader in the traffic safety solutions industry, providing a comprehensive offering of pavement marking solutions. Ennis-Flint’s wide range of products are utilized on roads and highways, taxiways, runways, parking lots, and in commercial, contractor, governmental, industrial, airport and architectural settings. Ennis-Flint is headquartered in Thomasville, NC, with manufacturing facilities located in the United States, Canada, Australia, Malaysia and Europe.
Brazos is a Dallas-based private equity firm that has managed investment funds totaling approximately $1.4 billion of equity capital since inception.
Founded in 1988, Olympus is a private equity firm focused on providing equity capital for management buyouts and corporate expansion. Olympus is an active, long-term investor across a broad range of industries, including restaurants, consumer products, healthcare services, financial services and business services. Olympus manages in excess of $5.5 billion, primarily on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.