HOUSTON , June 2, 2022 /PRNewswire/ — Frontline Road Safety (“Frontline”), a portfolio company of The Sterling Group (“Sterling”), today announced the acquisition of the contract pavement marking business of Ozark Striping Company, LLC. (“ozarkFrontline’s operating companies provide pavement marking and ancillary services to a variety of end markets and customers.
The ozark transaction marks Frontline’s eighth acquisition since the platform’s inception in July 2020. Based at Ozark, AlabamaOzark Striping Company is a pavement marking contractor known in the industry as one of the nation’s leading companies.
“We are thrilled to expand our footprint in the South East region by partnering with this premier pavement marking company and look forward to working with the outstanding team at ozark,” said mitch williams, CEO of Frontline Road Safety. “ozark has a strong presence in Alabama and is a great addition to the Frontline family.”
“We have built a leading pavement marking contractor of considerable scale and believe Frontline is the ideal partner for ozark move forward,” said Lee Grosspresident of Ozark Striping Company.
Over the past several years, Sterling has implemented its investment thesis to become a leader in the road safety and infrastructure maintenance industry. Through organic growth and new acquisitions, Sterling intends to continue to build Frontline as the leading road safety solutions platform with best-in-class local execution capabilities. Sterling has a long history of partnering with entrepreneurs and management teams to support the growth of their businesses.
About Sterling Group
Founded in 1982, The Sterling Group is a private equity investment firm targeting majority stakes in manufacturing, distribution and basic industrial services companies. Typical corporate values of these companies during initial formation range from $100 million at $750 million. Sterling sponsored the takeover of 62 platform companies and numerous add-on acquisitions for a total transaction value of more than $14.0 billion. Sterling recently closed its fifth investment fund with $2.0 billion in commitments and currently has more than $5.7 billion of assets under management. For more information, please visit sterling-group.com.
Past performance is not indicative of future results and all investments are subject to loss.
SOURCE Frontline Road Safety