Traffic Control and Safety Corporation Adds Flashco, Inc. to its Growing Family of Companies

Newport Beach, CA - May 1, 2008 - Traffic Control and Safety Corporation (”TCSC”), a portfolio company of Marwit Capital Partners II, L.P., announced today that it has completed the acquisition of Flashco, Inc. (”Flashco”) of Bakersfield, California.  The acquisition of Flashco is TCSC’s sixth acquisition in the past year and its fifth in California.  A fixture in Bakersfield for decades, Flashco is the leading provider of traffic control and safety products and services and general equipment rentals in Kern County, California, and also serves surrounding market areas.  Terms of the transaction were not disclosed.

Bob Perret, CEO of TCSC stated, “Flashco has deep roots in Bakersfield and Kern County and has a community presence unlike any we have seen in California or other Western states.  Flashco’s commitment to customer service is second to none, and we could not be more pleased to welcome Flashco, Rusty Lewis and all of the company’s employees to TCSC.”  Chris Britt, Managing Partner at Marwit Capital adds, “Flashco is a terrific strategic addition for us in California.  Rusty Lewis is an innovative leader in the industry and will contribute greatly to TCSC’s success, and Flashco’s two locations in Bakersfield provide a logistical bridge to our other companies in Southern and Northern California.”  Thomas Dollhopf, Principal of Marwit Capital stated, “Flashco is as dominant a traffic control and general equipment rental business in its market as we have seen in California.”

Established in 1976, Flashco engages in the rental and sale of traffic control and general equipment, permanent and temporary traffic signs, related worker safety and general construction products, as well as, the provision of related labor services to a broad mix of customers, comprised mainly of public works and general contractors, utilities and environmental companies.  Commenting on the transaction, CEO Rusty Lewis stated “It is a privilege for Flashco to become part of the TCSC family. To be partnered with industry icons such as Albert Kanno of Safety Systems Hawaii, Don Nicholas of Statewide Safety & Signs, Judy Digon of American Barricade, Steve Toomey of Toomey Industries and Ken and Jayne Williams of Flash Safety is quite a honor for me and Flashco.  I am very proud that Flashco’s name will be listed among the ‘best of the best’ in the traffic control industry under the TCSC banner. Opportunities like this are once in a lifetime.”

Flashco joins industry leaders Safety Systems Hawaii, Inc. (Honolulu, HI), Statewide Safety & Signs, Inc. (Nipomo, CA), Toomey Industries, Inc. (Long Beach, CA), American Barricade, Inc. (Anaheim, CA), and Flash Safety Co., Inc. (Sacramento, CA) as a subsidiary of TCSC.

About Marwit Capital

Based in Southern California since 1977, Marwit Capital is a private equity firm that invests in lower middle market “micro cap” businesses that are leaders in niche markets, have revenues of $15 to $125 million, EBITDA of $3 to $15 million, and enterprise values generally less than $75 million at the time of acquisition. In all instances, Marwit partners with experienced CEO Partners and management teams that invest alongside the Fund, and actively collaborates with them to create value.  Marwit specializes in management buyouts, platform LBO acquisitions in partnership with experienced industry executives, recapitalizations, and later stage growth and expansion investments.  MCP II generally invests $10 to $25 million of equity capital per Portfolio Company, in one or a series of investments, and has invested more than $250 million since 1995.  MCP II completed its final closing on August 15, 2007 at $183 million of committed capital.

Media Contacts:
Carol Farrell
Marwit Capital
949-861-3636
cfarrell@marwit.com