News

Flagger Force®, a Leading Provider of Traffic Control Services, Partners with Blue Sea Capital

West Palm Beach, FL – (February 13, 2023) – Flagger Force, LLC (“Flagger Force” or the “Company”), a leading provider of short-term traffic control services, today announced that it has entered into a strategic partnership with Blue Sea Capital LLC (“Blue Sea Capital”), a growth-oriented private equity firm headquartered in West Palm Beach, FL. Blue Sea Capital invested in the business, along with Flagger Force Founder and CEO Mike Doner and the rest of the management team, to support the Company’s accelerated growth. Terms of the transaction were not disclosed.

Flagger Force provides traffic control and safety services to electric and gas utilities, telecommunications providers and other infrastructure customers. With 12 locations in 11 states, Flagger Force employees are an integral part of maintaining community infrastructure by keeping its clients’ crews and the traveling public safe. The Company was founded in 2002 and is headquartered in Hummelstown, Pa.

Under Doner’s leadership, Flagger Force has grown to become a leading traffic control services provider on the East Coast with a focus on quality and safety. Flagger Force’s Safety-Driven philosophy reflects the Company’s safety-first culture. Crews are required to go through extensive training programs before working in the field and receive continuous training throughout the year to ensure the Company delivers on their safety promise and promotes a developmental career path.

“This partnership represents an inflection point in Flagger Force’s corporate journey and growth trajectory,” said Doner. “The management team is pleased to have found a like-minded growth partner in Blue Sea Capital. Our entire organization looks forward to accelerating Flagger Force’s growth through strategic organic-and acquisition-driven initiatives.”

“We are excited to partner with Mike Doner and the Flagger Force team to support the Company’s next stage of growth,” said Rick Wandoff, Managing Partner at Blue Sea Capital. “Flagger Force has built a

robust and market-leading platform to serve customers across its multi-state footprint, providing a strong foundation for continued growth.”

Mitch Ulman, Vice President at Blue Sea Capital, added, “We look forward to supporting Flagger Force’s growth while remaining committed to the Company’s focus on safety, opportunity, community and infrastructure.”

William Blair & Company acted as financial advisor and Kirkland & Ellis LLP acted as legal counsel to Blue Sea Capital. Stifel, Nicolaus & Company, Inc. acted as financial advisor and Miles & Stockbridge acted as legal counsel to the Company.

About Flagger Force®
Flagger Force® is recognized as an industry-leading, short-term traffic control company, headquartered in Hummelstown, Pennsylvania, with 12 locations that span 11 states. They utilize a crew-centric operations model to establish safe work zones with 1,900 full-time professionals. Flagger Force’s best-in-class resources and expertise have driven the consistent growth of their service capacity to help support the nation’s expanding utilities, telecommunications and other infrastructure-centered needs. For more information, visit FlaggerForce.com.

Blue Sea Capital is a private equity firm based in West Palm Beach, Florida that invests in growth-oriented lower middle market companies valued up to $300 million. The firm has over $1.4 billion in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.

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