Daily News: December 6, 2018

Monroe Capital Supports TRP Acquisition of SSPM

Monroe Capital increased TRP Construction Group’s credit facility to support the latter’s acquisition of Southern States Pavement Markings (SSPM).

Based in Ft. Worth, TX, TRP provides thermoplastic striping, painting and markers, rumble strips and traffic control services, including delineation devices, warning signs and maintenance and consulting services. TRP provides pavement marking services for the Texas Department of Transportation’s highway maintenance and local municipalities, as well as subcontractor services for larger, more complex projects. It is an existing portfolio company of MSouth Equity Partners.

Based in St. Augustine, FL, SSPM is a highway striping contractor serving the Southeastern states of Georgia, South Carolina and Florida.

The addition of SSPM further expands TRP’s contiguous geographic footprint and aligns with its continued growth strategy.