
Ropart Asset Management Announces Investment in Digital Traffic Systems
May 7, 2007 –
(Greenwich, CT) Ropart Asset Management Fund II, LLC (“RAM”), a
Greenwich-based private equity firm, announced that it has made a
significant equity investment in Digital Traffic Systems, Inc. (“DTS”).
Terms of the transaction were not disclosed.
Headquartered in Albuquerque, NM, DTS is a
leading provider of design, installation, and maintenance services for
the transportation, security, and infrastructure markets. The Company’s
services are strategically focused on sensors and electronics in
applications that include continuous traffic counting systems,
Intelligent Transportation Systems (ITS), highway lighting/traffic
signalization, and security/surveillance systems. Since its inception,
DTS has expanded to Virginia and Florida, where it now has established
long-term business relationships with government and commercial
customers.
Rich Hoke, DTS’s CEO, stated, “We have deep
respect for Ropart’s management team and are excited to have them as
our long-term strategic partner. Their investment provides us with the
ability to accelerate our growth plans by investing in the core
business. RAM also provides our management team with the financial
support to increase the scale of our operations to better service our
expanding customer base while continuing to build an organization
focused on comprehensive, industry-leading technical service,
installation, and maintenance. ”
Todd A. Goergen, Managing Partner of RAM
and DTS’s newly-appointed Chairman of the Board, added, “Ropart is
excited to partner with DTS. The Company has an exceptionally strong
management team that is highly regarded in the industry for its
superior quality and customer service. DTS represents an excellent
business services platform and is a great addition to RAM’s portfolio.”
About Digital Traffic Systems, Inc.
Digital Traffic Systems, Inc. (DTS) is an infrastructure services
company that focuses on the specialized installation of sensor and
display technologies to provide timely information for use in
transportation, safety, security, enforcement, and public applications.
Its mission is to provide infrastructure installation, maintenance,
operational, and technical services to our expanding customer base with
a focus on service, quality, and responsiveness. The Company currently
operates in Virginia, Florida, and New Mexico, providing services to
federal, state, and municipal governmental entities (e.g., state DOTs),
and commercial and infrastructure facilities.
About The Ropart Asset Management Funds
The Ropart Asset Management Funds is a private equity firm that invests
directly in small to midsize companies. The firm pursues a flexible
strategy, investing throughout the capital structure and in multiple
industries, including Business Services, Healthcare Services, Consumer
Products, Financial Services, and Technology.
www.ropart.com