Site 20/20, a Dartmouth, Noca Scotia, Canada-based traffic control and road safety technology company, received a strategic investment from New Mountain Capital and Energy Impact Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate its investment in technological development, artificial intelligence capabilities, and new product offerings.
Led by CEO Mitch Hollohan, Site 20/20 is a technology company manufacturing and servicing hardware and software solutions for the traffic control and road construction industries.
The company quickly established itself as a technology leader in roadside safety with the introduction of the Guardian SmartFlagger AFAD (Automated Flagger Assistance Device). Using remote and automated technology, it makes roadside projects safer for both workers and drivers, while making traffic control more cost efficient for operators.
FinSMEs
12/08/2024