Pelco Solutions is sold to Dominus Capital
Chattanooga, TN, July 30, 2026
River Associates Investments, L.P. (“River Associates”), a longstanding lower middle market private equity firm based in Chattanooga, Tennessee, is pleased to announce the sale of its portfolio company, Pelco Solutions (“Pelco” or the “Company”), to Dominus Capital (“Dominus”). The transaction closed on July 27, 2026.
Headquartered in Edmond, Oklahoma, Pelco Solutions is a leading designer and manufacturer of traffic safety and intelligent transportation infrastructure products. The Company provides a comprehensive portfolio of high-quality traffic signal supports, roadway lighting structures, overhead sign structures, and complementary transportation safety products that serve municipalities, state departments of transportation, contractors, and infrastructure customers across North America.
River Associates partnered with Pelco in February 2021 with a shared vision of building upon the Company’s strong market position while investing in the people, products, and infrastructure necessary to support long-term growth. Throughout the partnership, River Associates worked alongside Pelco’s management team to accelerate organic growth initiatives, expand new product development, invest in operational capabilities to improve lead times and manufacturing capacity, strengthen the leadership team, and complete 4 strategic add-on acquisition opportunities that broadened the Company’s portfolio of complementary traffic safety products. These initiatives resulted in approximately a 4x increase in EBITDA during River Associates’ hold period.
“River Associates has been an outstanding partner throughout our journey together,” said Paul Koenig, CEO of Pelco Solutions. “Their collaborative approach, strategic guidance, experience with M&A, and abundant resources enabled us to strengthen every aspect of our business while remaining focused on delivering exceptional products and service to our customers. We are grateful for River Associates’ partnership and look forward to building on this strong foundation in our next chapter.”
“We are incredibly proud of what Paul and the entire Pelco team accomplished during our partnership,” said Blake Lewis, Principal at River Associates. “Pelco has established itself as a premier provider of traffic infrastructure and roadway safety solutions through its unwavering commitment to quality, innovation, and customer service. By investing in new products, expanding manufacturing capabilities, strengthening the leadership team, and supporting strategic growth initiatives, the Company is exceptionally well positioned for continued success. We thank the entire Pelco organization for their partnership and wish them continued success in the years ahead.”
Kroll Securities LLC served as financial advisor to River Associates and Pelco in the sale transaction. Holland & Knight LLP served as its legal advisor.
About River Associates:
River Associates is a private equity firm based in Chattanooga, TN, which has focused exclusively on investing in the lower middle market for over 35 years. Target businesses can be privately held, private equity-backed, or divestitures from larger companies in the U.S. and Canada with initial EBITDA in the $3-12 million range. River Associates is opportunistic as to industry and has invested in numerous niche manufacturers, high margin distributors, industrial service providers and business service companies. Since its founding in 1989, River Associates has completed 125 transactions and is investing its eighth investment fund with $345 million of committed capital. For more information, visit www.riverassociates.com.