Positioning Next Phase of Growth
THOMASVILLE, NC, June 13, 2016 — Olympus Partners, a Stamford, Connecticut-based private equity firm, announced today its acquisition of a majority interest in Ennis-Flint. “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.”
As the world leader in pavement markings and traffic safety solutions for 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, plural components, raised pavement markers and intelligent transportation systems from a network of 20 manufacturing facilities on four continents. Ennis-Flint’s corporate headquarters will remain in Thomasville, North Carolina.
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.”
Brazos Private Equity Partners, a Dallas-based firm, will no longer be a shareholder in the company. “Ennis-Flint highly values the collaboration we have had with the Brazos team for many years,” said Steve Vetter. “Their focus on operational improvement was well suited to our company’s needs as we worked to expand our platform and achieve several key corporate development initiatives. We thank Brazos for its guidance and commitment to our company, and we look forward to building upon the Company’s success to date in our new partnership with Olympus Partners.”
About Olympus Partners
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.
About Ennis-Flint
Ennis-Flint is the worldwide leader in the traffic safety and pavement marking industry providing the most comprehensive lineup of pavement marking solutions on the market today. From traditional paints and thermoplastics to high-performance formulas and plural components for roadway striping and preferential lane treatments as well as preformed thermoplastic for transverse markings, streetscape crosswalks and traffic calming treatments, and custom horizontal surface signage, you can find Ennis-Flint products on roads and highways, taxiways, runways, parking lots and in all kinds of commercial, contractor, governmental, industrial, airport and architectural settings. Headquartered in Thomasville, North Carolina and with manufacturing facilities located in the United States, Canada, Australia, Malaysia and Europe as well as strategic worldwide sales locations, Ennis-Flint’s products help motorists, cyclists, pilots, and pedestrians move in the right direction...safely. For more information on Ennis-Flint, visit www.ennisflint.com.