#United States #Charlotte #Soundcore Capital #InfraStripe #Frontline Road

Soundcore Capital Partners Concludes InfraStripe Sale

On April 9, 2025, Soundcore Capital Partners, a private equity firm established in New York, officially announced the completion of its sale of InfraStripe to Frontline Road Safety. This strategic move is expected to bolster roadway safety services in the United States, with InfraStripe being recognized for its expertise in delivering essential infrastructure services focused on safety.

InfraStripe's Background

Founded in 2018 and based in Charlotte, North Carolina, InfraStripe has made its mark as a specialist contractor dedicated to roadway safety solutions. The company excels in providing services such as highway and runway striping, traffic control, signage installation, guardrail services, and comprehensive work zone solutions. It proudly serves an array of clients, including state Departments of Transportation, municipalities, counties, and various airports.

InfraStripe has established a reputation for merging safety priorities with operational excellence, as well as leveraging local know-how to deliver high-quality services. This commitment to safety and service has positioned InfraStripe as a key player in its niche, making it an attractive acquisition target.

Soundcore's Role and Achievements

Soundcore Capital Partners initially invested in InfraStripe in October 2018. Over its investment period, the firm played a critical role in the company’s growth trajectory, spearheading eight acquisitions across 29 states, managed through 13 different service centers. Notably, most of these acquisitions involved founder-led businesses, indicating Soundcore’s strategy of fostering entrepreneurial excellence.

To ensure the company’s sustained success, Soundcore brought on seasoned professionals to lead InfraStripe, including CEO Billy Miller, who had prior experience in the sector. The establishment of an operation team composed of a CFO, COO, and key personnel in various corporate functions such as Operations, Human Resources, Procurement, and Environmental Health and Safety signifies Soundcore’s comprehensive approach to management and integration of its portfolio companies.

Jarrett Turner, the Founder and Managing Partner of Soundcore, remarked on this strategic exit: "Since the inception of InfraStripe in 2018, we have collaborated closely with management to build a market-leading company offering vital roadway safety solutions. This sale marks our sixth portfolio exit in just over 21 months, illustrating our capabilities to enhance value in market-leading firms."

InfraStripe CEO Billy Miller expressed gratitude towards Soundcore for its pivotal role in managing and scaling the company: "We take immense pride in our journey since InfraStripe's inception and are thankful for Soundcore's partnership that has enabled us to emerge as a leader in the sector. We are excited about the opportunities that lie ahead."

Transaction Details

While the financial terms of the sale have not been disclosed, it is noteworthy that Stephens Inc. acted as the financial advisor, while Kirkland & Ellis LLP took up the role of legal advisor for InfraStripe.

The acquisition by Frontline Road Safety positions InfraStripe within a broader portfolio that not only includes pavement marking services but also aims to enhance traffic safety nationwide. It reinforces Frontline's status as the largest provider of such services in the country.

Conclusion

The sale of InfraStripe marks a significant milestone for Soundcore Capital Partners, highlighting its strategic focus on building and exiting market-leading companies. InfraStripe, with its commitment to roadway safety and quality service provision, is poised for continued growth and impact under Frontline Road Safety's umbrella. This transaction is a testament to the importance of strategic partnerships and investments in driving infrastructure and safety solutions vital for communities and citizens across the United States.