May 20, 2024 • Blog, News

ScaleCo’s Innoplast Holdings Acquires Shur-Tite Products

ScaleCo Capital (“ScaleCo”), a lower middle market private equity firm based in Cleveland, OH, is excited to announce its investment in Shur-Tite Products, LLC (“Shur-Tite” or the “Company”), a leading provider of highway safety products used across the United States and globally. Shur-Tite is the second add-on acquisition for ScaleCo’s Innoplast Holdings (“Innoplast”), a manufacturer and value-added distributor of pedestrian and traffic safety solutions.

Located in Garfield Heights, OH, Innoplast was founded in 2005 and acquired by ScaleCo in April 2021. Innoplast is a manufacturer and value-added distributor of pedestrian and traffic safety solutions. This acquisition will grow the Innoplast portfolio, composed of subsidiaries Thermoprene and American Sign Products, to 80 employees.

Founded in 2000, Shur-Tite, which specializes in designing, manufacturing, and distributing highway safety, pedestrian safety, and traffic safety products, has a rich history of partnering with all constituents involved in state and municipal roadway safety, consistently delivering best-in-class products and customer service. Based in Gainesville, TX, the Company offers a broad portfolio of high-performance safety solutions to customers across the United States and five countries worldwide.

“Innoplast and ScaleCo couldn’t be happier with the addition of the Shur-Tite product line and team,” CEO of Innoplast Gary Bowling states, “This partnership diversifies our product offerings from parking lot assets to the DOT space, increasingly growing our focus and expanding our reach in the conspicuity and traffic safety sectors.”

Darrell Heald, President of Shur-Tite Products, states, “We believe both Innoplast’s and ScaleCo’s culture, based on Midwest values, aligns perfectly with our Texas style of doing business with service and integrity. Under Innoplast’s stewardship, Shur-Tite Products is poised for accelerated growth, expanded opportunities, and continuing its legacy of excellence in the traffic safety sector.”

“This acquisition represents an important milestone for Innoplast as it expands its portfolio by incorporating Shur-Tite,” expressed ScaleCo’s Founder and Managing Partner, Brendan Anderson. “The newly combined business will deliver an enhanced and diverse range of products leveraging combined expertise and resources to accelerate innovation and expansion.”

“Roadway safety has never been more important. Drivers are increasingly distracted behind the wheel while having to navigate congested roads and pedestrian traffic,” said ScaleCo Managing Partner, Dave Jacob. “Shur-Tite has been an innovator in this market while consistently improving vehicle and pedestrian safety. We are thrilled to partner with Darrell and the entire Shur-Tite team.”

Shur-Tite will continue operating under the name Shur-Tite Products and growing their operations in Gainesville, TX.

The team working on this investment with Anderson, Jacob, and Innoplast included Senior Associate Holli Roberts, Associate Nick Kuhn, and Director of Finance Dan Pioch. Charles Harris, Partner of Business Development, sourced the deal for ScaleCo.

If you are looking to find your businesses successor, buyout your boss, or scale your legacy, reach out to ScaleCo Capital at scalecoadmin@scaleco.com

About Shur-Tite

Founded in 2000, SHUR-TITE® Products Company manufactures highway safety products for use on the modern highway system under the brand names SHUR-TITE®, SHUR-FLEX®, and SHUR-CURB®, and U-FLEX®. Plastic innovation and labor-sensitive design are paramount to the production of environmentally friendly products. They offer a product line that includes delineators, channelizers, pedestrian and bike safety, object markers, traffic separator curbs, and mailbox support assemblies.

About Innoplast

Founded in 2005 and located in Garfield Heights, OH, Innoplast Holdings is a leading manufacturer and value-added distributor of pedestrian and traffic safety solutions. BollardGard, a plastic bollard cover, is one of Innoplast’s most innovative products. Additional offerings include specialty vinyl, adhesives, and conspicuity & reflective tapes used by signage, vehicle, and safety manufacturers. ScaleCo acquired Innoplast in April 2021, which is comprised of three brands: Innoplast, American Sign Products, and its associated brand, American Reflective Products, and Thermoprene.

About ScaleCo

ScaleCo Capital is a Cleveland-based lower middle market private equity firm that focuses on control-oriented leveraged buyout and growth equity investments in fast-growing companies based primarily in the Great Lakes region. ScaleCo partners with companies in the verticals of business services, tech-enabled services, value added distribution and assembly, and training, compliance, and education sectors, bringing operational expertise and strategic resources to scale their growth potential and build long-term value. To learn more, visit scaleco.com.

Ready to meet the team of investors that’s scaling companies locally? Let’s connect.