Soundcore Capital Partners Announces Sale of InfraStripe
- Editor
- 6 days ago
- 1 min read
Whats Happening:
Soundcore Capital Partners, a New York-based private equity fund, has completed the sale of InfraStripe to Frontline Road Safety. InfraStripe, headquartered in Charlotte, North Carolina, is a leading regional provider of roadway safety solutions. Soundcore initially invested in InfraStripe in October 2018 and oversaw 8 acquisitions during its holding period, expanding the company's operations to 29 states across 13 service centers.
Key Moves:
Soundcore Capital Partners sells InfraStripe to Frontline Road Safety
InfraStripe expanded from 1 to 29 states and 13 service centers under Soundcore's ownership
Soundcore recruited Billy Miller as CEO and built out a full corporate team
By The Numbers:
Soundcore oversaw 8 acquisitions for InfraStripe
InfraStripe now operates in 29 states across 13 service centers
This marks Soundcore's sixth portfolio company exit in the last 21 months
Key Quotes:
"Since the creation of InfraStripe in 2018, Soundcore worked in partnership with management to build a market leading company providing critically important roadway safety solutions," said Jarrett Turner, Founder & Managing Partner at Soundcore.
"We're proud of the progress we've made since inception and are grateful to Soundcore for being a great partner in helping us scale into a leader in the sector," said Billy Miller, CEO at InfraStripe.
Bottom Line:
Soundcore Capital Partners' successful exit from InfraStripe demonstrates the fund's ability to create value through strategic acquisitions and operational improvements. This transaction marks Soundcore's sixth portfolio company exit in less than two years, highlighting the fund's active management and successful investment strategy in the lower middle-market.
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