Brazos Said to Consider Sale of Traffic Safety Group Ennis-Flint

  • Sale of specialist paintmaker may fetch as much as $1 billion
  • Buyout firm originally invested in predecessor company in 2007

Brazos Private Equity Partners, a Texas-based buyout firm, is considering a sale of road paintmaker and supplier Ennis-Flint Traffic Safety Solutions, said people familiar with the matter.

The firm is holding talks with advisers about a potential sale of the company, said the people who asked not to be identified because the information is private. A sale, which could fetch Brazos and its backers as much as $1 billion, is attracting interest from fellow private equity firms, the people said.

Discussions are in early stages and there is no assurance that a deal will happen, the people said.

Brazos first bought an interest in Ennis Paint Inc. in 2007 for an undisclosed sum, then merged it with fellow portfolio company Flint Trading Inc. in 2012, according to the company’s website. An attempt to sell the combined entity was abandoned in 2013, the people said.

Ennis-Flint, whose corporate headquarters is in Thomasville, North Carolina, makes reflective paints and other marking products used in the construction, maintenance and repair of highways, roads and airport runways, according to the company’s website.

Spokesmen for Brazos and Ennis Flint didn’t respond to e-mail requests seeking comment.

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