Helix Traffic Solutions (“Helix”), a leading provider of traffic safety solutions throughout the United States, has announced its strategic acquisition of Mels Electric, based in Wilmer, Texas. The acquisition strengthens Helix’s position as a preferred traffic safety infrastructure partner for municipalities and roadway contractors and expands the company’s existing footprint in Texas. Transaction terms were not disclosed. Helix is majority-owned by Nonantum Capital Partners, a leading private equity firm based in Boston, MA. This is Helix’s 15th acquisition under Nonantum’s ownership.
Mels Electric specializes in the installation, maintenance and repair of critical traffic safety infrastructure, which includes traffic signals, roadway lighting and Intelligent Transportation Systems (ITS). The acquisition of Mels Electric complements Helix’s existing operations in the Dallas-Fort Worth market and broader footprint within Texas. Together, Helix and Mels Electric will deliver a comprehensive portfolio of traffic safety solutions that also includes flagging, traffic control and equipment sales and rentals.
“We are extremely excited about the valuable capabilities and talented workforce Mels Electric brings to our growing Helix family,” said Mark M. Fisher, Helix Chief Executive Officer. “Over its 50-year history, the company has established an exceptional reputation for quality within the Dallas-Fort Worth market. We look forward to growing together with Mels Electric in Texas as we help our customers deploy the next generation of traffic safety infrastructure.”
Jeff Gibson, President of Gibson & Associates, the former owner of Mels Electric, said, “I'm confident that Helix will be a great partner for our customers and teammates going forward given their shared cultural alignment and focus on service excellence."
About Helix Traffic Solutions
Helix is a leading provider of traffic safety solutions in the United States with a mission to protect lives with superior traffic and infrastructure services that ensure safe and efficient roadways. The company’s comprehensive offerings include traffic control, flagging, equipment sales and rental, and traffic safety infrastructure services. Helix’s solutions are provided to a broad customer base of utility companies, roadway contractors, municipalities and state transportation departments located throughout 30 states. For more information, visit https://helixtraffic.com/.
About Nonantum Capital Partners
Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical, and opportunities exist for significant equity value creation. For more information, visit http://nonantumcapital.com/.
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Contacts
Media Contact:
Chris Kane / Chief Corporate Development Officer / ckane@helixtraffic.com
