DES PLAINES, Ill.–Radial Equity Partners (“Radial”), a private equity firm specializing in middle-market businesses, has announced a strategic investment in Plasticade, a leading manufacturer renowned for its traffic safety and signage solutions. This partnership signals a new chapter for Plasticade, poised for accelerated growth and innovation in the industry.
Plasticade, established in 1954 and based in Des Plaines, Illinois, boasts a comprehensive product portfolio designed to enhance public and worker safety. Their offerings include MASH-approved barricades and channelizers crucial for roadway work zones, durable recycled rubber traffic safety products, and innovative signage solutions for business promotion. The company also manufactures HVAC products under the well-regarded American Louver® brand. This investment from Radial Equity Partners aims to bolster Plasticade’s market position and expand its reach.
The investment coincides with the retirement of Geoff Glass, Chairman and long-time shareholder, who concludes 40 years of dedicated service. “This partnership with Radial marks the start of an exciting new era for Plasticade, positioning the company for even greater growth and success going forward,” stated Geoff Glass, reflecting on the positive future trajectory for Plasticade under Radial Equity Partners’ guidance.
David Foy, CEO of Plasticade, expressed gratitude for Geoff Glass’s contributions and enthusiasm for the new partnership. “We are immensely grateful for Geoff’s unwavering commitment and dedication over the years. We are confident that partnering with Radial will provide us with resources and support to accelerate our growth and expand our position in the markets we serve,” said Foy, highlighting the strategic advantages of collaborating with Radial Equity Partners.
Keith Zadourian, Partner at Radial Equity Partners, also commented on the investment, emphasizing the shared vision for growth and customer service. “Plasticade has demonstrated a commitment to providing best-in-class solutions and outstanding customer service,” said Zadourian. “We are excited to partner with the Plasticade team to build on the company’s strong foundation, driving innovation and growth while delivering exceptional value to our customers.” This statement underscores Radial Equity Partners’ commitment to supporting Plasticade’s existing strengths and fostering future advancements.
About Plasticade:
Plasticade stands as a premier manufacturer of traffic safety and signage products, alongside its HVAC offerings under the American Louver® brand. The company is dedicated to producing high-quality, impactful products that deliver exceptional value to its diverse customer base. For more detailed information, please visit www.plasticade.com.
About Radial Equity Partners:
Radial Equity Partners is a private equity firm focused on investing in established middle-market businesses across the consumer and industrial sectors. Radial leverages its industry expertise and network to support management teams and drive sustainable growth. Further details about Radial Equity Partners can be found at www.radialequity.com.
Contacts
Swen Kupferschmid-Rojas 212-551-4563
