McNees advises DeAngelo Contracting Services on Pavement Marking Division sale to RoadSafe Traffic Systems
June 28, 2024
Press Releases
McNees Wallace & Nurick’s Mergers & Acquisitions team, led by attorneys Meera Modi and Benjamin Ward, advised DeAngelo Contracting Services (DCS) in the sale of its Pavement Marking Division to RoadSafe Traffic Systems (RoadSafe).
DCS is a family-owned and operated business based in Hazleton, PA., that extends the life of valuable transportation infrastructure by providing safe, innovative solutions to the operations and maintenance industry. DCS’ Pavement Marking Division has supported State and Local Departments of Transportation and commercial contracting projects in Pennsylvania, Delaware and other States for more than two decades. RoadSafe, based in Chicago, is a leading provider of comprehensive roadway safety services and products in the U.S.
As sell-side counsel, Modi and Ward worked closely with members of the DCS executive and ownership teams as well as with middle-market M&A advisory firm Boxwood Partners to negotiate the terms of the deal and lead the transaction to a successful closing.
Current or prospective clients considering the purchase or sale of a business can reach out to the McNees Mergers & Acquisitions team for more information about how the firm’s team of professionals can help. Modi can be reached at mmodi@mcneeslaw.com or 717.780.7886 and Ward can be reached at bward@mcneeslaw.com or 484.329.8037.
