Safety Marking is one of the nation’s largest independent pavement marking providers with operations across the Northeast
SMC’s products and services include rumble strips, recessed pavement markings, hydroblasting (to remove old markings), airports markings, thermoplastic and epoxy pavement markings, and parking lot striping. Many of the company’s customers include states, municipalities, airports, and private businesses including the Port Authority of New Jersey, Connecticut Department of Transportation, New York Department of Transportation, Westchester County Department of Public Works, among many others.
SMC has been founder-owned and operated by Mark Kelly since 1973. Post-closing, Mr. Kelly, in partnership with Highview, will retain an equity interest in the business and will continue to serve as the company’s president.
“Safety Marking has been a trusted road safety partner in the Northeast for 50 years and I am extremely proud of the culture and team that have driven our success,” said Mr. Kelly. “This partnership positions us extremely well for future growth and we look forward to working with the Highview team.”
“We are extremely excited to partner with the SMC team to support their continued expansion,” said P.J. Gilbert, a managing director at Highview. “Mark has built a first-class operation with a stellar reputation, and we look forward to investing in the next chapter.”
Highview Capital, headquartered in Los Angeles, invests from $20 million to $125 million of equity in companies with revenues of $50 million to $500 million and EBITDA of $5 million to $50 million. Highview invests in many sectors and is effectively industry agnostic. The firm sources its capital from a $500 million evergreen fund and is backed by Karlin Asset Management, a Los Angeles-based investment company.