North Canton company Area Wide Protective is sold to a New York private equity firm
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Fast-growing Area Wide Protective (AWP), a provider of traffic-control services and equipment to electric and gas utilities as well as to telecommunications and infrastructure customers, has a new owner.
The North Canton-based company on Wednesday, Dec. 23, announced in a news release that it has been acquired by Kohlberg & Co., a private equity firm headquartered in New York City.
Terms of the deal were not disclosed. The seller was Cleveland private equity firm Riverside Co. Riverside partner Ryan Richards said in a news release about the sale, During our hold, Riverside worked closely with management to execute an aggressive organic growth plan as well as complete 11 strategic acquisitions. Riverside acquired AWP in June 2015. It did not disclose its return on the Riverside investment.
Area Wide Protective Acquired By Kohlberg & Company
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NORTH CANTON, Ohio, Dec. 23, 2020 /PRNewswire/ Area Wide Protective ( AWP or the Company ), a leading utility services firm, today announced that it has been acquired by Kohlberg & Company, LLC ( Kohlberg ), a New York-based private equity firm. Terms of the deal were not disclosed.
Headquartered in North Canton, Ohio, AWP provides comprehensive traffic control and safety services to electric and gas utilities as well as to telecommunications and infrastructure customers. With over 5,000 employees in more than 110 facilities across 21 states and eastern Canada, AWP helps direct or re-route traffic in support of infrastructure maintenance, repair, or construction projects affecting public roads. AWP delivers a turnkey solution, providing on-site technicians, equipment and vehicles, in addition to permitting and design services.