Eberle Design, Inc., a Phoenix, Arizona-based manufacturer of electronic control products for the traffic, access and rail industries, was acquired by Dallas-based Brazos Private Equity Partners, LLC.
The amount and the terms of the transaction were not disclosed.
Founded in 1980 and led by President and CEO Bill Russell, Eberle designs, manufactures and sells conflict monitors, inductive loop detectors, power supplies, flashers, load switches, and other critical infrastructure control parts (under the Eberle and Reno brand names) to allow transportation and access control professionals to integrate, automate, and manage intersections, roads, and access points (e.g. gated entry, tolls and parking).
The investment is aimed to help Eberle execute on several strategic growth initiatives.