#United States #New York City #Dominus Capital #Frontline Road Safety #Surface Preparation

Dominus Capital Completes Successful Sale of Surface Preparation Technologies

In a significant move within the private equity landscape, Dominus Capital, L.P., a prominent New York-based firm, has announced the sale of Surface Preparation Technologies (SPT) to Frontline Road Safety, a Bain Capital portfolio company. This acquisition not only emphasizes the increasing demand for roadway safety but also highlights the strategic growth trajectories pursued by both entities involved.

Based in New Kingstown, Pennsylvania, SPT has established itself as a leader in providing rumble strips and other essential roadway safety services across the United States. The announcement, made on January 5, 2026, reflects SPT's impressive growth during its partnership with Dominus, which has been marked by significant enhancements in service offerings and geographical expansion.

Growth Journey of Surface Preparation Technologies

According to Steve Burke, the President and CEO of SPT, the partnership with Dominus has been instrumental in the company’s evolution. Under their guidance, SPT widened its service range and enhanced its operational footprint across various regions. “In partnership with Dominus, SPT has experienced significant growth through the addition of complementary service offerings, expansion of its geographic reach, and integration of strategic acquisitions,” Burke stated.

When Dominus Capital began its investment in SPT, the firm implemented a strategy focusing on enhancing operational capabilities while aligning with the management team to drive substantial improvements. Over the years, SPT has not just doubled in size but has also positioned itself favorably for continued growth. This is particularly impressive given the company’s origins; founded in 1988, SPT initially provided surface preparation services for road and bridge projects.

The invention of a new method for installing shoulder rumble strips on the Pennsylvania Turnpike in 1990 marked a pivotal moment in SPT's history. Since then, the company has developed and manufactured its own equipment and has completed the installation of rumble strips along hundreds of thousands of miles of roads across nearly every state in the country.

A Strategic Investment Approach

Ashish Rughwani, Founding Partner at Dominus Capital, noted that a core element of their investment strategy is to engage with market-leading businesses and assist management in executing both organic and inorganic growth initiatives. “During our ownership, SPT more than doubled in size and is well positioned for its next stage of growth,” said Rughwani, reflecting on the fruitful collaboration between the two firms.

The successful sale of SPT demonstrates Dominus Capital's commitment to fostering growth and innovation within its portfolio companies, an approach that has consistently yielded impressive results.

Looking Ahead: Future of SPT with Frontline Road Safety

As SPT transitions under the banner of Frontline Road Safety, the expectation is that this new partnership will build on the strong foundation forged during its time with Dominus. Given Frontline's established presence in the safety sector, this acquisition can potentially lead SPT to explore new market opportunities and expand its service offerings further.

The financial expertise behind the deal was provided by Piper Sandler & Co., while White & Case LLP served as legal counsel, ensuring a smooth and effective transaction between the two entities. This merger is anticipated to create a unified force dedicated to advancing roadway safety initiatives throughout the United States.

The sale of Surface Preparation Technologies not only marks a pivotal moment for Dominus Capital but also sets the stage for enhanced roadway safety solutions under Frontline Road Safety’s stewardship, thereby contributing positively to public safety across the nation. As SPT embarks on this new chapter, stakeholders eagerly await how the merger will shape the future of roadway safety and operational efficiencies in the coming years.