Grosch founded White Cap Industries, which he ran for 25 years, and which is now a wholly owned subsidiary of HD Supply. He served as the CEO and President of White Cap where he grew revenues to over $350 Million before his departure in 2001. Grosch has over 30 years of experience in both the supply and construction sides of the industry. He has extensive knowledge of all of its sectors from residential construction to high-rise and infrastructure projects. Grosch has worked as an industry consultant to private equity firms, private and publically traded companies for the past eight years. Prior to this assignment he was involved in the consolidation of several companies previous owned by Stock Supply and in the sale of the assets of Orco Construction Supply to HD Supply.

Chris Britt, Managing Partner of Marwit Capital, commented on Grosch’s appointment, “Greg came to our attention because of his strong execution skills, his proven ability to lead top performing teams and his track record managing a complex organization with multiple business segments. Greg’s extensive experience in the product sales and construction sectors, coupled with his enterprise management skills, will bring more management expertise to the execution of our overall strategy and also allow our technical experts to focus more of their time on project management and execution.”

Grosch said, “I look forward to expanding TCSC’s focus on product sales while continuing to provide industry leading solutions for safe, cost effective traffic control services. There will be an increased emphasis on developing internal talent while reaching outside for new skills that will fuel our growth and shareholder value.” “We have high expectations that Greg will add effective leadership to the already great team we have in place. Additionally, his straightforward style, understanding of the role of culture in a company’s success and his personal integrity will win the respect of employees, customers and investors alike,” continued Britt.

About Traffic Control and Safety Corporation
TCSC is the leader in the markets it serves with branches throughout California and in Hawaii. TCSC is first company to provide a complete package of traffic control and related safety products and services across California and Hawaii, including: traffic control planning and related services; the manufacturing of permanent and temporary freeway, traffic and construction signage; traffic control equipment rentals and sales; distribution and installation of barrier systems and crash absorption products; personal and highway safety products including fall protection; “green” pavement repair products; erosion control and storm water containment systems; work zone, safety and other tools, materials and accessories; and safety training and certification. Additionally, its Hawaii subsidiary Safety Systems Hawaii is the leading supplier of trench shoring and trench plates on the islands of O’ahu and Maui. For more information on TCSC, please visit its web site at www.tcasc.com

About Marwit Capital
Founded in 1962, Marwit Capital is a private equity firm that has been based in California since 1977. Marwit Capital invests in lower middle market businesses that are or have the potential to be leaders in their industries and markets. For more information on Marwit Capital and its portfolio companies, please visit our web site at www.marwit.com

For the first award, Statewide was honored with the “Distributor of the Year Award” which recognizes Statewide’s outstanding sales success. Statewide was also inducted into BSI’s “Million Dollar a Year Club.” Later during the conference, BSI presented Statewide’s Bill Peterson with its industry prominent “Owen Denman Award” which is bestowed upon an individual that has gone above and beyond the call of duty with determination and dedication in promoting the Traffic Safety Industry. Mr. Peterson was the sole individual within BSI’s global distributor organization to be honored with this mark of distinction.

Statewide is a leader in distributing and installing barrier systems throughout California and has worked with BSI for over six years.

About TCSC

Traffic Control and Safety Corporation, formed in 2007, is the largest independent provider of traffic control and safety products and services in the Western U.S. The TCSC family of companies includes seven market leading businesses –Safety Systems Hawaii (Honolulu, HI), Statewide Safety & Signs (Nipomo, CA), Toomey Industries (Long Beach, CA), American Barricade (Anaheim, CA), Flash Safety (Sacramento, CA), FlashCo (Bakersfield, CA) and Traffic Solutions (Redding, CA) – operating 18 locations in California and Hawaii. TCSC offers the most comprehensive product and service offering in the traffic control industry and is the first company to be able to address the complete “end-to-end” traffic control needs of its customers in all geographic markets in California. (www.trafficcontrolandsafety.com)

About Barrier Systems

Barrier Systems, Inc. is the exclusive manufacturer of Reactive Tension Quickchange® Moveable Barrier Systems, Universal TAU-II® and ABSORB 350® Crash cushions, ArmorGuard, and Safe-T-Curve Barriers, X-Tension™ Terminal Systems and various safety accessories and specialty barrier products. For additional information on the company and product lines, visit the company website at www.barriersystems.com. Barrier Systems, Inc. is a wholly owned subsidiary of Lindsay Corporation (NYSE symbol: LNN).

Media Contact:
Don Nicholas
Statewide Safety & Signs, Inc.
805-929-5070

Consistent with Marwit’s objective when the company was established in early 2007, TCSC has grown to become the largest provider of traffic control products and services and related safety products and services in the Western U.S. The TCSC family of companies now includes seven market leading businesses operating 20 locations in California and Hawaii. TCSC now offers the most comprehensive product and service offering in the traffic control industry and is the first company to be able to address the complete “end-to-end” traffic control needs of its customers in all geographic markets in California.

Chris Britt, Managing Partner at Marwit Capital stated “This acquisition is another positive step in building the TCSC platform and strengthening our coverage in California. Traffic Solutions is an ideal fit with TCSC in every aspect — top quality operation and management team, longstanding customer relationships and complementary geographical footprint.” Thomas Dollhopf, Principal at Marwit Capital added “Traffic Solutions has experienced the highest growth rate of any company we have seen in the industry in the past 3 years.”

Founded in 1995, Traffic Solutions has operations in Redding and Arcata, CA. “TCSC’s capabilities and network will enhance our ability to provide products and services to larger customers and we are excited to join the TCSC family of companies. In addition, we have striping and freeway signage capabilities that we can extend throughout TCSC,” said founder and President John Langum.

Bob Perret, CEO of TCSC, adds, “In the twelve months since forming this platform, we have built a business that provides unique turn-key solutions to customers. We already have a strong backlog with key customers and are strengthening and expanding several strategic relationships. In order to successfully manage our rapid growth, we have also built an organization with expertise in acquisition integration, best-practices sharing and optimizing back-office operations.”

About Traffic Control and Safety Corporation

Traffic Control and Safety Corporation (www.trafficcontrolandsafety.com) was formed in June 2007 by Marwit to build the largest independent provider of traffic control products and services in the Western United States. TCSC’s growing family of companies includes industry leaders: Safety Systems Hawaii (Honolulu, HI), Statewide Safety & Signs (Nipomo, CA), Toomey Industries (Long Beach, CA), American Barricade (Anaheim, CA), Flash Safety Co., Inc. (Sacramento, CA), Flashco, Inc. (Bakersfield, CA) and Traffic Solutions, Inc (Redding, CA). TCSC will continue to expand through acquisitions and strategic expansions, including building out a presence in other Western U.S. markets.

Together, the TCSC companies provide a complete range of traffic control products and services for public and private clients. Products include cones, barricades, delineation, lighting, signs, message and arrow boards, concrete barriers and forms, crash cushions and energy absorption products, surveying supplies, k-rail, attenuator rail, apparel, footwear and other safety products. Services include lane, road and freeway closures, construction zone traffic control, traffic control plans, permit process management, special event services and more.

About Marwit Capital

Marwit Capital (www.marwit.com) is one of the oldest and most experienced private equity firms in the western U.S. Founded in 1962, Marwit’s investment focus is on lower middle market companies based in the Western U.S., with revenues of $20 to $200 million and enterprise values up to $100 million. Marwit specializes in management buyouts, platform LBO acquisitions in partnership with experienced industry executives, recapitalizations, and later stage growth investments. Marwit seeks to invest $10 to $30 million of equity capital per portfolio company, in one or a series of investments, and has invested more than $250 million since 1995. Marwit is currently investing out of Marwit Capital Partners II, a $183.7 million fund.

Media Contact:

Linda Chaffin
Marwit Capital
949-861-3636 x35
lchaffin@marwit.com

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

Bob Perret, CEO of TCSC stated, “We are truly honored to welcome Flash Safety to the TCSC family of traffic control and safety companies.  Flash Safety maintains one of the best reputations for quality and service in the industry, and is an ideal addition to help grow TCSC’s California division.”  Chris Britt, Managing Partner at Marwit Capital adds, “Ken Williams and Jayne Williams of Flash Safety are true pioneers of the traffic control industry in the Western U.S., and we really look forward to working with them in the future.  Their industry knowledge and relationships within the traffic control industry are unparalleled.”  Thomas Dollhopf, Principal of Marwit Capital stated, “A discussion of the industry leaders would not be complete without including Flash Safety and Ken and Jayne Williams.”

Founded in 1976, Flash Safety helped build the traffic control industry in California and has grown to become one of the most well known and respected traffic control products and services providers in the state.  The Company is a full service provider of permanent and temporary traffic, safety and construction signs, barricades, arrow and message boards, cones and personal safety supplies.  The Company’s product and service mix is comprehensive and includes product sales, equipment rentals, and the provision of traffic control services such as lane closures and traffic control plans to a diverse and long-standing customer base.  On Flash Safety becoming part of TCSC, Ken and Jayne Williams stated “We feel we found the right company to carry on the legacy of Flash Safety.  We really like the strategy that TCSC is employing to build a leading company in the traffic control industry, and look forward to contributing in any way that we can going forward.”

Flash Safety is the 5th acquisition completed by TCSC since June 2007, joining Safety Systems Hawaii, Inc. (Honolulu, HI), Statewide Safety & Signs, Inc. (Nipomo, CA), Toomey Industries, Inc. (Long Beach, CA) and American Barricade, Inc. (Anaheim, CA) as subsidiaries 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

Chris Britt, Managing Partner at Marwit Capital stated, “We are elated about the addition of Toomey Industries and ABI to the TCSC family of companies.  We are building an organization comprised of high quality, well-established, and customer focused businesses in the traffic control industry, and these two companies significantly bolster our presence in the Southern California market.”  Bob Perret, CEO of TCSC adds, “Steve Toomey of Toomey Industries and Judy Digon of ABI are among the most highly respected entrepreneurs in the industry, with years of experience and knowledge to assist us with our strategies, and we are very excited to have an opportunity to build on their impressive legacies.”

Founded in 1985, Toomey Industries is one of the largest renters and providers of traffic control products and services in Southern California.  The Company is a full service design-and-build manufacturer of permanent and temporary traffic signs, safety signs, construction and job site signs and related products.  The Company’s services also include the sale, rental and service of traffic control equipment and personal safety supplies.  Toomey serves a diverse customer base including general contractors and underground contractors.

Founded in 1981, American Barricade offers a complete line of traffic control and safety products including traffic plans, permits and bonding services.  The Company serves general contractors, as well as customers in the environmental, entertainment, and special events industries.

The acquisitions of Toomey Industries and ABI are the 3rd and 4th acquisitions completed by TCSC, joining Safety Systems Hawaii, Inc. and Statewide Safety & Signs, Inc. as subsidiaries 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

Consistent with Marwit’s strategy of partnering with entrepreneurial and proven CEOs and operating managers, Marwit has partnered with Bob Perret as CEO to build TCSC as a platform company in the highly fragmented traffic control products and services industry.  In building out this strategy over the past year, Marwit developed a database of over 100 potential target businesses in the Western U.S. and has other add-on acquisitions in process.  The metrics for the traffic control industry are very attractive and have a strong tailwind, given the large increase in infrastructure spending being devoted to the nation’s aged transportation systems, and the even larger multi-year federal, state and local commitments being made in this sector in virtually every U.S. market, creating years of strong pipeline.

Chris Britt, Managing Partner at Marwit Capital stated, “We have carefully planned and are now pursuing an aggressive plan to build the largest independent provider of traffic control products and services in the Western U.S., and we could not have launched this initiative with higher quality businesses in this industry than Safety Systems Hawaii, Inc. and Statewide Safety & Sign, Inc.”  Bob Perret, CEO of TCSC adds, “The entrepreneurs that built these businesses, Albert Kanno at SSH and Joan Ferrari and Don Nicholas at Statewide Safety, are among the best operators in this business, and we are excited that they will remain our partners going forward in these businesses and at TCSC as we grow our platform.”

Based in Honolulu, Hawaii, SSH (www.safetysystemshawaii.com) is the largest provider of traffic control and related safety products and services in Hawaii.   Established in 1971, SSH sells, rents, and services traffic control equipment and personal safety supplies, and provides labor and traffic engineering services to a diverse group of government agencies, utilities, and general contractors in Hawaii.  In addition, SSH is a leading provider of trench shoring equipment.  SSH’s product and service quality is unparalleled in Hawaii, resulting in market share leadership with excellent prospects for continued growth.

Based in Nipomo, CA with additional locations in Fairfield, San Jose and San Diego, Statewide Safety (www.statewidesafety.com) is one of the leading providers of traffic signs and diversified traffic control and related safety products and services in California.  Founded in 1987, and owned and operated by Joan Ferrari and Don Nicholas for many years, the company rents and sells traffic control equipment, permanent and temporary traffic signs, related worker safety products, and provides labor and traffic engineering services for government agencies and the leading public works and general contractors throughout the state.  While Ms. Ferrari is retiring from the Company to pursue other entrepreneurial interests, Don Nicholas remains as president of Statewide Safety and has also been named president of the newly-formed California division of Traffic Control and Safety Corporation.

Terms for the transaction were not disclosed.  In addition to the equity investment by MCP II, and to enable the fund to continue executing its aggressive buy-and-build growth plans, Marwit has partnered with Irwin Union Bank and Zions Bank for senior debt facilities, and SPP Mezzanine Partners, Fifth Street Capital and CUNA Mutual for mezzanine capital.

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 $200 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