Caymus Equity Partners LLC (“Caymus Equity”) announces the completion of its twelfth platform investment, Colorado Barricade Co. ("Colorado Barricade", "CBC" or the "Company"). Caymus Equity completed the investment in partnership with Aberdeen Standard Investments, Reinsurance Group of America, Plexus Capital, and management. Headquartered in Denver, CO, Colorado Barricade is a full-service provider of roadway safety, pavement marking, traffic control and sign installation solutions for commercial customers, utility contractors and roadway infrastructure maintenance providers.
Founded in 2013, CBC has a track-record of success providing a competitive advantage over other companies in the Denver metro area, making the Company a "one-stop-shop" solutions provider for traffic control and related equipment needs. CBC's investment in safety, training, and equipment creates a compelling value proposition and drives deep relationships across a diverse set of government and infrastructure customers. CBC is well-positioned to grow in a highly fragmented market underpinned by multiple industry tailwinds. The $8.0 billion traffic control and pavement marking industry is recession resistant due to the high volume of maintenance and repair work driven by aging infrastructure.
The transaction provides CBC with the necessary capital and resources to continue to provide high-quality services to its existing customers, while further expanding its business through the penetration of previously underserved geographies and end markets. Furthermore, a fragmented traffic control sector presents significant opportunity to grow through add-on acquisitions.
“I am extremely excited to partner with Caymus Equity in this important transaction for Colorado Barricade,” said Ted Ott, CEO & President of CBC. "Our team has built solid relationships with some of the largest and best companies in the Denver area, and is positioned to build on those relationships and expand into neighboring geographies. This transaction and our partnership with Caymus Equity will provide us with the experience and resources necessary to enhance our operations for the benefit of our customers.”
“We are thrilled to partner with the Colorado Barricade team and look forward to working with the management team as they continue to grow their business,” commented Ollie Maggard, Managing Partner at Caymus Equity. "Colorado Barricade has clearly developed a successful business model and we are committed to providing the Company with the necessary resources to continue to thrive."
"We look forward to supporting Ted and the entire Colorado Barricade team in the next phase of the Company's evolution," added Chris Faux, Principal of Caymus Equity. "Colorado Barricade has many compelling opportunities for growth, so we look forward to working closely with the management team to guide the Company as it expands its capabilities in new and existing markets, both organically and potentially through acquisitions."
Stonington Capital Advisors acted as placement agent to Caymus Equity for a portion of the equity co-investment and Ice Miller served as legal advisor for Caymus Equity.
To learn more about Colorado Barricade, visit www.coloradobarricade.com