Surface Preparation Technologies LLC

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Surface Preparation Technologies LLC - overview

Established

1988

Location

-, PA, US

Primary Industry

Construction

About

Surface Preparation Technologies LLC offers critical roadway safety solutions through specialized services like rumble strip cutting, protective oiling, fog seal applications, and painted line removal, aimed at improving road safety and infrastructure longevity. Surface Preparation Technologies LLC, founded in 1988 in the US, focuses on enhancing roadway safety through its innovative solutions. The company was acquired by Dominus Capital in November 2019, although specific financial details of the transaction were not disclosed. The firm has completed a total of 3 deals to date.


Chris Chuan founded the company, and Steven Burke currently serves as CEO. Surface Preparation Technologies (SPT) specializes in essential roadway safety solutions, particularly rumble strip cutting, protective oiling, fog seal applications, and painted line removal. These services are designed to enhance road safety by reducing accidents and prolonging pavement surfaces' longevity. Rumble strips alert drivers when they drift from their lanes, while oiling and fog seal applications preserve asphalt conditions and facilitate effective water drainage.


SPT’s client base includes various government and private sector entities across the lower 48 states, ensuring extensive benefits from their innovative solutions in both urban and rural markets. Revenue generation at Surface Preparation Technologies is primarily rooted in B2B transactions with government agencies, construction firms, and transportation authorities requiring specialized roadway maintenance services. The firm operates on a project basis, establishing contracts for specific services like rumble strip installation or pavement marking. Contracts involve detailed proposals outlining the scope of work, timelines, and costs, ensuring clarity before project commencement.


SPT’s pricing structure is competitive, tailored to project demands, maintaining a balance between quality service delivery and operational efficiency. Flagship services such as precision rumble strip cutting and comprehensive roadway maintenance enhance client satisfaction and foster long-term partnerships within the industry. For future growth, Surface Preparation Technologies plans to explore new product offerings and expand into additional markets targeting both urban and rural areas. Specific details about the upcoming products or targeted regions have not been publicly disclosed.


The recent acquisition by Dominus Capital in November 2019 may facilitate these initiatives, providing the necessary resources to support expansion and development strategies.


Current Investors

Dominus Capital

Primary Industry

Construction

Sub Industries

Facilities & Maintenance Services, Construction

Website

www.rumblestrips.com/

Verticals

Urban Planning

Company Stage

Mature

Total Amount Raised

Subscriber access only

Surface Preparation Technologies LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSurface Preparation Technologies LLC-
Secondary BuyoutCompletedSurface Preparation Technologies LLC-
Add-onCompletedDiamond Surface‘s rumble-strip division-
Secondary BuyoutCompletedSurface Preparation Technologies LLC-
RecapitalisationCompletedSurface Preparation Technologies LLC-

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