Dominus Capital and affiliates have completed their investment in Pelco Solutions, a provider of solutions for traffic, utility, and pedestrian safety applications. Founded in 1985 and headquartered in Edmond, Oklahoma, Pelco brings together five brands, Pelco Products, TraffiCalm, PedSafety, Component Products, and Novax, with products deployed across all 50 states, Canada, and other markets. Pelco’s management team, led by CEO Paul Koenig, will continue to lead the business and remain significant shareholders alongside Dominus. Terms of the transaction were not disclosed.
Kroll Securities served as financial advisor to Pelco, with Holland & Knight serving as legal counsel. White & Case served as legal counsel to Dominus. Dominus Capital is a New York-based middle-market private equity firm focused on the business services and industrials sectors, having executed more than 105 transactions over the past 25-plus years.
KEY QUOTES:
“The entire Pelco management team is incredibly proud of what we have built, but in many ways, we feel like we are just getting started. Throughout our process, it was clear that Dominus shared our culture, values, and vision for Pelco’s growth, which made them the right partner for our next chapter.”
Paul Koenig, CEO, Pelco Solutions
“A core element of our investment strategy is partnering with market-leading businesses and supporting management’s execution of both organic and inorganic growth initiatives. Pelco is a leader across the traffic, utility, and pedestrian safety markets, with a differentiated portfolio of products and a proven ability to grow through acquisition.”
Ashish Rughwani, Founding Partner, Dominus Capital
