Grovecourt Capital Partners Expands Portfolio with Acquisition of Traffic & Mobility Consultants

In a strategic move to strengthen its position in the transportation planning and traffic engineering sector, Grovecourt Capital Partners ("Grovecourt") has announced the acquisition of Traffic & Mobility Consultants LLC ("TMC"). TMC, a premier engineering and consulting firm based in Florida, specializes in providing transportation planning and traffic engineering solutions to a wide range of clients. The financial terms of the transaction have not been disclosed.

Founded in 2012, TMC has established itself as a leader in the industry, catering to the needs of commercial, residential, and municipal clients across Florida. With an impressive track record of nearly 2,500 completed projects, TMC has built a reputation for delivering exceptional quality and expertise.

The partnership between Grovecourt and TMC is expected to unlock significant growth opportunities for both companies. Grovecourt, a West Palm Beach-based private equity firm, brings its expertise in supporting the expansion of companies in the lower middle market. By joining forces with TMC, Grovecourt aims to propel TMC to become the leading traffic engineering firm not only in Florida but also in the entire Southeast region.

Alex Vargas, Managing Partner at Grovecourt, expressed his excitement regarding the acquisition, stating, "TMC possesses tremendous opportunities for geographic expansion and continued success as the go-to transportation planning and traffic engineering firm in Florida. We are thrilled to partner with the entire TMC team as they work towards their goal of becoming the leading traffic engineering firm in Florida and the Southeast."

Matt Bergin, Managing Partner at Grovecourt, emphasized TMC's strong market presence and their potential for further growth through organic expansion and strategic mergers and acquisitions. "TMC stands as the foremost traffic engineering firm with a leading market presence in Florida. We are excited to support Mohammed and the TMC team on the company’s next phase of growth as they execute on organic expansion and engage in strategic M&A," said Bergin.

Mohammed Abdallah, CEO of TMC, expressed his enthusiasm for the partnership with Grovecourt. Abdallah believes that with Grovecourt's support, TMC will be able to expand its market reach and enhance the scope and scale of its offerings. He also reassured clients that TMC will continue to deliver the outstanding quality they are accustomed to. TMC founding partner Corrina Greico added, "As we expand, we will actively seek partnerships with engineering firms that share our vision and commitment to excellence." Partner Ayman As-Saidi shared, "Our focus on innovative and strategic mobility solutions will continue to result in superior outcomes for our customers and will undoubtedly benefit the communities we serve."

The acquisition of TMC by Grovecourt was facilitated by Greenberg Traurig as the legal advisor to Grovecourt. Financing for the transaction was provided by Northwood Ventures and Energy Impact Partners LP. 1858 Capital Partners acted as the exclusive financial advisor to TMC, and Nelson Mullins served as their legal advisor.

About Traffic & Mobility Consultants

Traffic & Mobility Consultants LLC (TMC) is a Florida-based engineering company established in 2012. Specializing in transportation planning and traffic engineering, TMC serves private clients and governmental agencies at the local, county, and state levels. With a focus on providing innovative and effective solutions for safe and efficient mobility, TMC has earned an excellent record of public acceptance and approval of plans. For more information, visit www.trafficmobility.com.

About Grovecourt Capital Partners

Grovecourt Capital Partners is a private equity firm based in West Palm Beach, FL, that specializes in investing in founder-led and family-owned businesses in the lower middle market. With a focus on business services, healthcare services, communication services, and industrials, Grovecourt partners with management teams to optimize performance and create long-term value through organic and inorganic growth opportunities. For more information, visit www.grovecourtcapital.com.

In conclusion, the acquisition of Traffic & Mobility Consultants by Grovecourt Capital Partners marks a significant milestone for both companies. With Grovecourt's support, TMC is well-positioned to expand its market presence and continue to provide innovative and effective traffic engineering solutions. This strategic partnership will undoubtedly fuel the growth and success of both Grovecourt and TMC as they strive to deliver exceptional value to their clients and communities they serve.