AUSTIN, Texas--(BUSINESS WIRE)--Blue Sage Capital is pleased to announce its recently completed investment in Barricades Unlimited (“Barricades”). Headquartered in Lubbock, Texas, Barricades is a leading service provider of traffic control, pavement marking, guardrail installation and related equipment rentals and sales. Under the leadership of CEO Chris Boutwell and COO David Crews, Barricades has expanded its service offering and footprint, growing from a single location in Lubbock to now operating five locations throughout the state of Texas.
Barricades’ CEO, Chris Boutwell, commented, “Our partnership with Blue Sage Capital represents the next evolution in our company’s history. The team at Blue Sage will help provide the capital and strategic resources to accelerate our growth through greenfield expansion as well as through mergers and acquisitions while still enabling us to deliver the highest level of service to our customers.”
Eric Weiner, Partner at Blue Sage, stated, “We are excited to partner with Chris and David in helping Barricades become the largest provider of traffic control, pavement marking and related services in the state of Texas. Barricades has a unique set of processes and systems that make it stand out from the crowd as a platform that we can leverage to acquire businesses within a highly fragmented industry.”
Blue Sage was represented in the transaction by Queen Saenz + Schutz PLLC (Legal), Willis Towers Watson (Insurance), Duff & Phelps Transaction Advisory Services (Accounting and IT) and Cherry Bekaert (Tax).
Barricades was represented by Baird Business Owners Solutions (Financial Advisor) and Wyatt, Tarrant & Combs LLP (Legal).
About Blue Sage
Blue Sage Capital is an Austin, Texas-based private equity firm that has been investing in profitable, growing, lower middle-market companies since 2002. Blue Sage currently has over $400 million of assets under management and seeks to partner with founders, families and management teams as the first round of institutional capital for businesses that enjoy leadership positions in niche manufacturing, environmental solutions or specialty services industries. Blue Sage typically invests $20 million to $40 million in control buyout investments and recapitalizations of companies with $20 million to $125 million of revenue.