Canada-based Site 20/20 Secures Strategic Growth Investment from New Mountain Capital and Energy Impact Partners. The funding will be used to accelerate the company’s investment in technological development, artificial intelligence capabilities, and new product offerings.
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Site 20/20’s Guardian SmartFlagger is the only Automated Flagger Assistance Device (AFAD) of its kind. It is controlled within the work zone and provides an overall safer environment using LAN technology, recorded video surveillance, and traffic-rerouting with Waze.
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“We are in the early stages of our journey in realizing the full potential of what this company can be,” said Site 20/20 CEO Mitch Hollohan. “This strategic growth investment will help accelerate this process and we are honoured to partner with like-minded investors in New Mountain and Energy Impact Partners that share our vision and will support us moving forward.”
“Mitch and his team have developed an extremely impressive solution to help improve the automation, safety and reliability of outsourced traffic control services,” said Joe Walker, Managing Director at New Mountain Capital. “We are thrilled to partner with Site 20/20 and the EIP team to continue to accelerate the adoption of this technology across utility and infrastructure service providers.”
The Guardian Cone Pro is the industry’s spotter of the future! Site 20/20’s innovative new product is designed to alert workers of upcoming traffic and their speed. Born out of an industry need for additional safety on one-man jobs, the Guardian Cone Pro is now an essential tool on all worksites. Long-lasting and built for distance, this product acts as a second pair of eyes and ears out on the road.
“Site 20/20’s success driving innovation and improving safety and operations aligns closely with our core focus at Energy Impact Partners,” said Steven Kantowitz, Partner at EIP. “We see a lot of momentum in the underlying transmission and distribution service markets and look forward to supporting Site 20/20 in partnership with New Mountain Capital as the Company expands its offerings.”
About Site 20/20
Founded in 2015, Site 20/20 industry-leading technology helps companies foster safer job sites, productive work crews, and ensures more efficient management of resources. Since inception, Site 20/20 has integrated over 100 traffic control companies across North America and is rapidly moving towards its goals of connecting all roadways and innovating the construction industry.
