Industrials | Mergers & Acquisitions, Sponsor Related

Brite-Line Acquired by Peninsula and Starboard

  • TM Capital served as exclusive financial advisor to Brite-Line Technologies, LLC, a portfolio company of Versa Capital Management, LLC, in sale to Peninsula Capital Partners LLC and Starboard Capital Partners, LLC
  • Brite-Line is a leading manufacturer and marketer of engineered, high performance pavement marking tape for the North American and European markets. Pavement markings are used primarily for the center and edge lines on state highways
  • Tape products offer superior reflectivity and a longer life than other markings. The Company is one of only two approved manufacturers of ridged “profile” tapes, which offer enhanced reflectivity
  • TM Capital worked with the management team and Versa to highlight Brite-Line’s growth plans driven by current and in-process state approvals for higher margin profile tape products as well as initiatives to improve profitability and working capital management
  • Peninsula Capital Partners provides mezzanine capital, either as a minority or control investor, to superior middle-market companies. Starboard Capital Partners sponsors and invests in lower middle market companies, with values ranging from $10 to $250 million