Business Description
AWP provides traffic and work zone safety services to utility customers in 23 states throughout the Great Lakes, Mid-Atlantic and Southeast regions.
Value Creation
First Institutional Capital
Partnered with an entrepreneur-owned business with significant value creation potential.
Local Partnership
Partnered alongside a business located close to our Cleveland office, forging a strong cultural fit and steady level of strategic planning and collaboration with the Blue Point deal team.
M&A
AWP diversified its customer base, augmented its service offerings and vastly expanded its geographic footprint, leading to significant top-line and margin growth. While partnered with BPCP II, AWP grew from a regional business with 10 locations into a business with 43 locations across 17 states.
In 2015, Blue Point was invited to reinvest in AWP as a minority stakeholder through BPCP III. During BPCP III’s hold period from 2015 to 2020, AWP completed 11 add-on acquisitions and continued its growth to 110 locations across 23 states and Canada.
M&A Execution
- In November 2009, acquired the assets of U.S. Traffic Technologies, Inc.
- In November 2015, acquired Traffic Specialties.
- In June 2016, acquired the assets of N-Line Traffic Maintenance.
- In September 2016, acquired All State Traffic Control.
- In May 2017, acquired Kentuckiana Traffic & Patrol Services.
- In September 2017, acquired FlagPros.
- In March 2018, acquired Safety First.
- In May 2019, acquired Northern Colorado Traffic Control.
- In September 2020, acquired Traffic Pro.
- In October 2020, AWP RoadTek, Traffic Safety Rentals and Advantage Barricade & RoadMarks.
Blue Point’s complete list of investments is available upon request.