RoadSafe Traffic Systems Acquires Optim Earth
August 28 2018 - 9:00AM
Business Wire
RoadSafe Traffic Systems, the nation’s largest provider of
traffic control and pavement marking services, announced today its
acquisition of Optim Earth. Based in Reno, Nevada, Optim Earth
provides customers on-demand access to accurate 3D subsurface
information required to plan and build structures, roads, bridges,
tunnels and pipelines. Optim Earth represents the third add-on
acquisition for RoadSafe since ORIX Capital Partners acquired
RoadSafe in 2016 in partnership with Aperion Management.
“The addition of Optim Earth creates synergies between our two
companies, with many of the same customers supported for
infrastructure construction, repair and maintenance projects,” said
Dave Meirick, RoadSafe president and CEO. “Optim Earth has earned a
solid reputation with contractors and engineers for its expert
staff, service and cutting-edge technology. Our goal is to expand
that footprint across the country and leverage our customer
partnerships nationwide in doing so.”
The founder and president of Optim Earth, Bill Honjas, will
remain in place and continue to handle daily operations among his
team, while also providing strategic direction alongside
RoadSafe.
“We are a service company that has some of the same customers as
RoadSafe, such as state transportation departments, general
contractors and utility companies,” Honjas said. “This is a win-win
situation for everyone, and I’m excited to see the endless
possibilities and opportunities that lie ahead.”
Optim Earth utilizes GroundSCOPE technology, which provides a
comprehensive 3D working view of the Earth’s subsurface, from
utilities to project depth. This helps avoid design conflicts
before construction starts.
“Optim Earth has products all over the world used for
geotechnical investigations,” Honjas said. “We can provide huge
cost savings to end users in the project design phase because they
can plan for what is underground and avoid the headaches of project
delays encountered when running into something unknown.”
Terry Suzuki, president and CEO of ORIX Capital Partners, agrees
that the acquisition will prove beneficial for all parties
involved. “With the acquisition of Optim Earth, ORIX Capital
Partners continues to realize our goal of seeking strategic add-ons
for RoadSafe,” he said. “This will complement the strong organic
growth Optim Earth has experienced as a result of the incredible
value, reliability and safety of its services.”
About RoadSafe Traffic Systems Inc.
RoadSafe Traffic Systems Inc. is the nation’s largest provider
of traffic safety and pavement marking services, and innovative
safety products, to heavy highway, building and specialty
contractors, state transportation departments, local governments,
special events organizations, U.S. railroads and utility companies.
www.roadsafetraffic.com
About Optim Earth Inc.
Optim Earth Inc. provides an advanced locating service by
deploying GroundSCOPE, a cloud-based enterprise solution that
provides customers on-demand access to accurate 3D subsurface
information required to plan and build structures, roads, bridges,
tunnels and pipelines.
About ORIX Capital Partners LLC
ORIX Capital Partners LLC makes direct control private equity
investments that support growth and performance among established
middle-market companies throughout North America. The team’s
expertise spans industries including industrials, infrastructure
services, transportation and business services. ORIX Capital
Partners is a business unit of ORIX Corporation USA (ORIX USA), a
Dallas-based financial services firm. ORIX USA’s parent company,
ORIX Corporation, is a publicly owned international financial
services company with operations in 38 countries and regions
worldwide. For more information, please visit
www.orixcapitalpartners.com.
About Aperion Management LLC
Aperion is a New York-based private investment firm that seeks
to invest in small to midsize businesses valued between $15 million
and $150 million with solid fundamentals and attractive growth
prospects. Aperion seeks to partner with driven management teams to
identify key business drivers and unlock opportunities for value
creation and growth, and has been an investor in RoadSafe since its
inception in 2007.
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version on businesswire.com: https://www.businesswire.com/news/home/20180828005229/en/
For ORIX Capital PartnersAmanda Rider,
972-770-5083arider@marketwave.bizorJeff Smith,
214-237-2301Jeff.smith@orix.com
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