Highway Technologies, a leading provider of traffic safety services and equipment for the road repair and maintenance industry, has recently acquired T & R Striping and Traffic Control. Terms of the transaction were not disclosed.
T & R is located in Greenfield, Indiana, and specializes in thermo-plastic and paint road striping, as well as traffic control services. The company has more than 20 employees and operates out of a single facility.
The acquisition of T & R was part of Highway Technologies’ strategy for growth in the Indiana market.
“The Indiana market has been a key focus for us given the strong state spending and privatization dynamics,” says Mike Solomon, regional vice president. “T & R Striping and Traffic Control has been a successful, family-owned business with an excellent reputation for over 20 years. The addition of T & R to our current Indiana location provides a solid platform for future growth within Indiana.”