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The Transaction

Delancey Street Partners is pleased to announce the following transaction:

February 2017
Surface Preparation Technologies, LLC
Sale to Branford Castle Partners, LP
Sector: Infrastructure
Delancey Street Partners served as the exclusive financial advisor to Surface Preparation Technologies, LLC

Delancey Street Partners is pleased to announce that we served as financial advisor to Surface Preparation Technologies, LLC (“SPT” or the “Company”), a portfolio company of L2 Capital Partners (“L2 Capital”), on its sale to Branford Castle Partners, LP (“Branford”). Delancey Street managed a competitive sell-side M&A process and negotiated the terms of the transaction.

SPT is the nation’s leading provider of rumble strips and safety-related roadway surface preparation and maintenance services. The Company delivers a comprehensive suite of services and solutions to make roads and highways safer, ultimately saving lives. SPT is the only provider covering the entire continental U.S., and enjoys a legacy of nearly 30 years of technological and logistical expertise serving state Departments of Transportation, as well as federal and municipal agencies. The Company is a leader in product development and proprietary equipment innovation, and has assembled a fleet of the industry’s fastest and most efficient machinery. SPT’s solutions are a proven and cost effective way to improve roadway safety and reduce accidents.

L2 Capital Partners is a lower middle market private equity family office that specializes in making controlling or minority investments in business service, consumer product and manufacturing companies with enterprise values up to $60 million. L2 Capital adds value by helping business executives and owners meet their strategic and financial goals by providing access to professionals and resources gained over 40 years of principal investing experience.

Branford Castle is a lower middle-market private equity fund focused on niche market leading companies with up to $15 million in EBITDA. Branford was founded in 1986 as a family investment firm and closed its first institutional fund in 2016. Branford has particular investment expertise in infrastructure, industrials, consumer products and services, business services and logistics.

The transaction was completed February 10, 2017.

The principals of Delancey Street Partners have significant experience serving the Industrial & Industrial Technology industries. To learn about our experience in Industrial & Industrial Technology, please click here.

For additional information about this transaction, please contact:

Patrick E. Dolan
Managing Director
484.533.6311
pdolan@delanceyllc.com
David K. Allebach
Director
484.533.6315
dallebach@delanceyllc.com

Delancey Street Partners

Our offices are located in the suburbs of Philadelphia:
Five Tower Bridge, Suite 420 | 300 Barr Harbor Drive | West Conshohocken, PA 19428
(484) 533-6300

© 2017 Delancey Street Partners, LLC | Disclosures

Securities offered through SSG Capital Advisors, LLC. Member SIPC | Member FINRA, all other transactions effectuated through Delancey Street Partners, LLC