Transaction Overview
- Represented Ocean State Signal in its sale to Mobotrex, a portfolio company of Warren Equity Partners.
- Ocean State Signal is a leading specialty distributor of highly-engineered intelligent transportation systems for utility service contractors and municipalities across New England.
- Ocean State Signal delivers a complementary product portfolio to Mobotrex’s existing line of traffic control products and mobility solutions with channel access to the New England region.
- Key driver of interest for Mobotrex was to accelerate their geographic presence and bring on best-in-class engineering and technical talent.
Drivers of Interest
- Industry leading engineering and technical expertise supporting a broad offering of intelligent transportation solutions.
- Highly customized solutions and value-added services with specialized componentry to meet specific customer requirements.
- Impressive financial performance with consistent EBITDA margins and modest capital expenditures.
- Long-standing, recurring base of customers across contractors and municipalities.
- Multi-faceted growth profile supported by secular infrastructure megatrends.
- Experienced and tenured management team supported by a lean and loyal workforce.