#United States #Austin #Peak Rock #TAPCO #Traffic Safety

Peak Rock Capital Expands Its Portfolio with TAPCO Acquisition

In a significant move reflecting its focus on critical infrastructure investments, an affiliate of Peak Rock Capital has successfully acquired Traffic and Parking Control Co., commonly referred to as TAPCO. This acquisition, announced on December 19, 2024, highlights Peak Rock's dedication to intelligent transportation systems (ITS) and the enhancement of traffic safety products.

Background of TAPCO

Founded in 1956, TAPCO has established itself as a leader in the traffic safety sector. The company specializes in the design and manufacturing of advanced connected road safety systems. Their product lineup includes solutions for pedestrian crossings, systems to detect wrong-way drivers, and smart signs that aid in speed reduction and hazard warnings. TAPCO prides itself on offering comprehensive integration and service solutions for ITS products, effectively addressing the needs of state Departments of Transportation (DOTs), municipalities, and commercial entities throughout North America.

Andy Bergholz, co-owner of TAPCO, expressed enthusiasm about the new partnership with Peak Rock, stating, “We are thrilled to partner with Peak Rock as TAPCO enters this next phase of its growth trajectory. TAPCO is committed to making our roads a safer place, and we are deeply grateful to our dedicated employees, customers, and partners for continuing to support that mission over the years to come.” This sentiment underscores TAPCO's commitment to enhancing road safety through collaboration and innovation.

Strategic Goals and Vision

According to Dave Alter, Managing Director at Peak Rock, TAPCO’s solid reputation for product reliability, innovation, and customer service was a major factor in the acquisition decision. He highlighted the company’s rich history of success and expressed confidence in its potential for future growth, stating, “We were impressed by the company's history of success and will look to invest further in transformational growth.” This aligns perfectly with Peak Rock's goal to bolster its portfolio with companies that have a proven track record in their respective industries.

Eric Stangel, CEO of TAPCO, affirmed that the acquisition positions the company well for future expansion, remarking, “Peak Rock's culture and focus on growth aligns perfectly with our vision for the Company, as we look to expand our product portfolio and service capabilities to communities across the country.” TAPCO aims to leverage this partnership to deliver innovative ITS solutions that not only improve road safety but also enhance connectivity on roadways.

Jordan Campbell, Managing Director at Peak Rock, pointed out the extensive growth potential he sees for TAPCO, emphasizing their plans to collaborate closely to accelerate progress through investments in sales, new product development, operational improvements, and strategic acquisitions. “We believe there is significant growth potential for the business and we look forward to collaborating with the team to accelerate growth,” Campbell stated.

Peak Rock’s Investment Philosophy

Anthony DiSimone, CEO of Peak Rock Capital, articulated that the TAPCO acquisition represents the firm's continued commitment to investing in family-owned or founder-led businesses that are ready for growth. “This transaction highlights Peak Rock's continued focus on investing in family and founder-owned businesses that could benefit from our ability to drive transformational growth,” he explained. The firm is keen on supporting businesses like TAPCO, which are essential to critical infrastructure and incorporate innovative, technology-driven solutions.

About TAPCO

TAPCO remains a forefront provider of intelligent transportation systems aimed at improving road safety and enhancing connectivity among road users. With its headquarters in Brown Deer, Wisconsin, TAPCO designs and manufactures cutting-edge ITS systems, alongside providing integration and maintenance services. TAPCO has established a trustworthy reputation for enhancing road safety outcomes through its solutions tailored for states, municipalities, and the private sector.

For more information on TAPCO, interested parties are encouraged to visit their website and follow the company on social media platforms such as LinkedIn, Facebook, and YouTube, where they can learn more about their innovative solutions and commitment to road safety.

About Peak Rock Capital

Peak Rock Capital is a distinguished middle-market private investment firm focusing on securing equity and debt investments in various companies across North America and Europe. The firm specializes in partnering with businesses for growth and performance enhancements. It offers flexible capital solutions tailored to meet the diverse needs of growth-oriented mid-sized enterprises. To learn more about Peak Rock Capital, visit their official website.