Harris Williams & Co. Advises Ennis-Flint on its Sale to Olympus Partners

June 13, 2016

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the sale of Ennis-Flint to Olympus Partners (Olympus). Ennis-Flint is a market leader within the global traffic safety industry. Harris Williams & Co. served as the financial advisor to Ennis-Flint, a portfolio company of Brazos Private Equity Partners, LLC (Brazos). The transaction was led by Mike Hogan, John Arendale, Darwin Olympia, John Lautemann and Wayne Harrington of Harris Williams & Co.’s Industrials Group.

“The Ennis-Flint management team and Brazos have done an exceptional job transforming the company from the leading North American road markings business into a broader global traffic safety platform,” said Mike Hogan, a managing director at Harris Williams & Co. “The opportunity to further expand in both core segments and new traffic safety categories, along with various industry tailwinds, bodes well for Ennis-Flint’s continued success.”

“This transaction was particularly satisfying given our longstanding relationships with the management team as well as Brazos,” said John Arendale, a managing director at Harris Williams & Co. “We have the utmost respect for what the company has achieved under Brazos’ and management’s ownership.”

Ennis-Flint is the worldwide leader in the traffic safety solutions industry, providing the most comprehensive offering of pavement marking solutions on the market today. Ennis-Flint’s wide range of products are utilized on roads and highways, taxiways, runways, parking lots and in commercial, contractor, governmental, industrial, airport and architectural settings. Ennis-Flint is headquartered in Thomasville, North Carolina, with manufacturing facilities located in the U.S., Canada, Australia, Malaysia and Europe.

Brazos is a Dallas-based private equity firm that has managed investment funds totaling approximately $1.4 billion of equity capital since inception. In 2014, Randall Fojtasek, former co-founder and co-chief executive officer of Brazos, launched CenterOak Partners, LLC (CenterOak) alongside former Brazos senior executives Michael Salim, Lucas Cutler, Jason Sutherland and William Henry. CenterOak is a private equity firm with a focus on making control-oriented investments in U.S. middle market companies. The firm specializes in three key industry sectors: industrial growth, consumer and business services.

Founded in 1988, Olympus is a private equity firm focused on providing equity capital for management buyouts and corporate expansion. Olympus is an active, long-term investor across a broad range of industries, including restaurants, consumer products, healthcare services, financial services and business services. Olympus manages in excess of $5.5 billion, primarily on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Industrials Group has experience across a variety of sectors, including advanced manufacturing; aggregates, metals, and mining; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.