Transaction Overview
- Hennepin Partners represented Interwest Safety Supply, a portfolio company of Westshore Capital Partners, in its sale to Mobotrex, a portfolio company of Warren Equity Partners.
- Interwest Safety Supply is a comprehensive, value-added manufacturer and distributor of DoT safety products used in the repair, maintenance, construction, expansion, and improvement of roadways.
- Interwest comprises two business divisions, AM Signal and Interwest Safety Supply, which enable the Company to deliver a comprehensive range of traffic product supplies, signs, and Intelligent Transportation Systems (“ITS”) solutions to a common customer base, including DoTs, local municipalities, specialty contractors, and utility providers.
- Key driver of interest for Mobotrex was to accelerate their geographic presence in the Mountain West region and bring on a best-in-class ITS offering and technical talent.
Drivers of Interest
- Multi-brand, multi-channel model blends manufacturing and distribution to serve the dynamic needs of the traffic safety value chain, regardless of customer type or application.
- Leading one-stop provider of a comprehensive offering of roadway safety products and ITS systems in the Mountain West region.
- Dynamic business transformation and evolution from a traditional sign and safety products provider into providing a full suite of traffic safety and ITS solutions.
- One integrated platform for comprehensive traffic safety technology, providing real-time data to maximize safety and roadway sustainability.
- Established relationships with 40+ industry-leading OEMs and ~1,900 customers and is an integral partner to both in the value chain.
- Constant reoccurring product demand due to roadway repairs, maintenance, replacement, expansion, regulation, and safety.
- Multi-faceted growth plan driven by rising technology adoption in traffic management, autonomous driving advancements, expanding infrastructure needs, and an increased emphasis on safety.