Frontline Road Safety, a leading provider of pavement marking services in the U.S., announced that it has acquired PLP Company, a top pavement marking contractor based in Bethel Park, Pennsylvania. The terms of the deal were undisclosed.
What PLP does: PLP is a family-owned business that has been in operation for over 55 years. It specializes in pavement marking and removal solutions, such as grooved-in markings, wet reflective tape, polyurea, epoxy, thermoplastic, waterborne paint, grinding, and water blasting. As a trusted partner to PennDOT, the Pennsylvania Turnpike Commission, and local general contractors, PLP has built a strong reputation within the surrounding region for its high-quality service, focus on safety, and advanced technology and equipment.
Deal rationale: This deal complements Frontline’s presence in neighboring states, including Michigan and Ohio. This enables potential collaboration on large regional projects and improves Frontline’s ability to serve customers in the Northeast. This is Frontline’s third acquisition since receiving a strategic growth investment from Bain Capital earlier this year.
Advisors: Holland & Knight served as legal advisor to Frontline. Brown, Gibbons, Lang & Company served as financial advisor, and Dentons Cohen & Grigsby served as legal advisor to PLP.
KEY QUOTES:
“We are excited to partner with PLP and their best-in-class team. For nearly 60 years, PLP has provided specialized pavement marking and removal services to the Greater Pittsburgh community. We look forward to working with the Gaudelli family and the rest of PLP’s leadership to further develop and enhance their strong position in the region.”
Mitch Williams, Chief Executive Officer of Frontline
“For three generations, we have remained competitive and solidified our reputation in the pavement marking industry by focusing on quality and safety, and by continuously investing in our stellar team and state-of-the-art fleet and equipment. We are thrilled to join Frontline and play a meaningful role in its continued growth across Pennsylvania and the rest of the Northeast.”
Paul, Justin & Jared Gaudelli, Managing Partners at PLP Company
