Sterling Partners Completes Sale of Traffic Command Leader, Statewide Protection Methods

Productive Exit is a Proof Position of New Expense Tactic

CHICAGO, August 02, 2021–(Organization WIRE)–Sterling Companions (“Sterling”), a diversified expenditure administration platform with a massive personal fairness emphasis, declared these days the sale of portfolio enterprise Statewide Protection Methods (“Statewide”) to Location Wide Protective (“AWP”), a Kohlberg & Enterprise portfolio corporation. Statewide is a primary service provider of targeted visitors handle goods and companies with a potent footprint west of the Mississippi and performs with customers in 4 major sectors: utilities and telecommunications, federal government, professional building contractors, and freeway contractors. It was procured by Sterling in 2018 as Visitors Options Corporation and was one particular of Sterling’s earliest acquisitions as component of its new deal-by-offer investment decision strategy.

“Sterling’s investment in Statewide is a person of the most effective representations of our strengths and technique – investing in sectors of know-how, partnering with excellent management groups, and executing on interior initiatives to accelerate progress,” reported Steven Taslitz, Co-Founder and Chairman at Sterling Partners.

With each other Sterling and Statewide successfully concluded two acquisitions, expanded geographically, improved services choices, and greater scale. The organization also designed considerable investments in human funds, information engineering, economical reporting, security, and model consolidation. Statewide has grown to 30 branches throughout California, Hawaii, Nevada, Texas, Colorado, and Washington.

“With their deep understanding of the industrial services sector and apparent eyesight for development, Sterling has been a fantastic partner,” explained Don Nicholas, CEO of Statewide. “Their assistance, major funds investment decision, and strategic route drove meaningful progress and solidified Statewide’s market management. It is been a privilege to get the job done with them.”

AWP’s acquisition of and partnership with Statewide marks a time of transformational progress for the corporation. The mixed business – AWP and Statewide – will provide hundreds of clients every day, with a lot more than 130 facilities throughout 27 states and japanese Canada. With each other, AWP and Statewide will have the scale, sources, and coastline-to-coastline get to to produce excellent website traffic regulate and protection solutions to present Statewide customers this kind of as AT&T, CenturyLink, Caltrans, and The Texas Office of Transportation.

“We imagine that this strategic match with AWP and Trafficade will present huge option to the Statewide group, from staff members to shoppers to the communities they serve,” explained Michael Drai, Chairman of the Board at Statewide. “This new section of progress is pretty thrilling, and we’re thrilled to see Statewide embark on its new chapter.”

Stifel served as Sterling’s exclusive economical advisor and assisted in initiating, structuring, and negotiating the transaction on its behalf. McGuire Woods served as the lawful counsel. Steven Taslitz and Michael Brown led the offer at Sterling together with Chairman Michael Drai.

About Sterling Partners: Sterling Partners (“Sterling”) is a diversified financial commitment management platform founded in 1983 and based in Chicago. The agency started with four younger business people, who went on to establish a person of Chicago’s most outstanding personal equity companies. These days, the firm has expanded over and above its strong personal fairness exercise into numerous other investment decision procedures. Complementing its institutional fund exercise, Sterling invests in a large assortment of companies in various phases of development – from early-stage, high-progress businesses to mature, lucrative businesses – on a offer-by-offer foundation. These investments cross various industries, and the organization will make control, non-handle, and desired fairness investments. Sterling provides worth to its portfolio organizations and the founders with whom it associates with its entrepreneurial roots, deep area abilities, concentration on transformational advancement, and obtain to earth-course govt expertise. For much more data, be sure to go to

About Statewide Protection Methods: Considering that 1987, Statewide Basic safety Devices has specialised in the structure, manufacture, and set up of active and passive traffic manage methods that suggest motorists, bicyclists, and pedestrians of roadway dangers together with interchanges, intersections, and the site of freeway-rail quality crossings. Buyers involve state and neighborhood government companies, civil and freeway contractors, utilities, airports, military bases, railroads, schools, universities, and professional and household contractors. To find out far more, check out

About Space Wide Protecting: Launched in 1993, Region Broad Protecting, Inc. (AWP) has developed into North America’s primary service provider of skilled traffic administration and safety companies. The company’s capabilities array from flagging for function zones to style and engineering for transportation administration strategies. AWP’s additional than 117 destinations provide every day functions that span 21 U.S. states and four Canadian provinces. To study more, visit

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Finn Partners for Sterling Associates
Marley Vawter
[email protected]