Strait Lane Capital Partners, LLC (“SLCP”) a privately held investment firm focused on lower and middle-market companies, is pleased to announce its Portfolio Company, B&B Roadway and Security Solutions, LLC (“BBRSS”) has acquired J&A Industries. J&A Industries, headquartered in Kansas City, is a leading manufacturer of signal equipment to major railroad industry leaders.
BBRSS, with divisions B&B ARMR and B&B Roadway, designs, manufacturers, distributes and services an extensive line of crash-rated vehicle barriers, traffic warning gates, and navigation light solutions. Industries served include perimeter security, moveable bridge structures, HOV lane systems and rail traffic control. Since 1925, B&B divisions have supported government and industrial companies globally. BBRSS’ headquarters are located in Carrollton, Texas and the Company has a manufacturing facility in Russellville, Alabama and a service center in Fairfax, Virginia. J&A will continue all current operations at both of its Kansas City facilities.
SLCP focuses on important industries that it believes have excellent growth prospects. Paul Matthews, CEO of BBRSS stated: “We welcome J&A and its employees to our family of companies. Jim Ferree and his team have built a fine business and we look forward to growing opportunities together. SLCP was supportive throughout the process, giving BBRSS freedom to conduct negotiations with Mr. Ferree, while providing resources when requested.”
Texas Capital Bancshares, Inc. provided debt financing to BBRSS.