Houlihan Lokey Advises Traffic Solutions Corporation

Houlihan Lokey is pleased to announce Traffic Solutions Corporation (TSC), a portfolio company of Oaktree Specialty Lending Corporation (Oaktree), has been acquired by Sterling Partners (Sterling). The transaction closed on May 2, 2018.

Headquartered in Irvine, CA, TSC is one of the largest providers of traffic control products and services with 18 locations in California, Hawaii and Nevada. TSC is the only company in the western United States with the scale and equipment required to provide temporary traffic control services quickly, safely, and reliably for the largest projects. The company offers a diverse array of traffic control solutions, including job-site work, product sales, equipment rental, sign manufacturing, and installation for customers. TSC's scale, broad capabilities, professionally trained staff, and strong product distribution capabilities significantly differentiate the company from the competition.

Oaktree is a specialty finance company dedicated to providing customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. The firm seeks to generate current income and capital appreciation by providing companies with flexible and innovative financing solutions, including first- and second-lien loans, unsecured and mezzanine loans, and preferred equity. The company is regulated as a business development company under the Investment Company Act of 1940, as amended. Oaktree is managed by Oaktree Capital Management, L.P.

Based in Chicago, Illinois, Sterling is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983 and having invested billions of dollars, Sterling is guided by its stated purpose of inspired growth, which describes its approach to investing in differentiated businesses and growing them in inspired ways.

Houlihan Lokey served as the exclusive financial advisor to TSC and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction underscores Houlihan Lokey's long-standing reputation and credentials as a premier advisor to the world's leading infrastructure services companies.