Brazos Private Equity Partners, LLC, a Dallas-based private investment firm, has sold Ennis-Flint, a Thomasville, NC-based provider of pavement signs and traffic safety solutions, to an affiliate of Olympus Partners.
The financial terms of the transaction were not disclosed.
Led by Steve Vetter, CEO, Ennis-Flint provides pavement marking product lines and components for intelligent traffic control systems. The company serves more than 4,000 government and private sector customers in more than 60 countries through 20 manufacturing facilities and sales offices located across five continents.
Brazos invested in Ennis-Flint with capital from its $400 million Brazos Fund II and $715 million Brazos Equity Fund III.