Financial details of the deal were not disclosed, although the firm says it makes equity investments of between $25m and $100m in business with enterprise values of $100m to $500m.
The 33-year-old Arizona business designs, manufactures and sells under the Eberle and Reno brand names and holds the leading North American market position in several key product categories, including conflict monitors and inductive loop detectors.
Brazos founding partner and co-CEO Randall Fojtasek said, “We are excited about our new partnership with Eberle.
“Brazos has invested previously in both the transportation safety and security sectors and believes in the positive outlook of each market.
“We look forward to combining our industry knowledge, expertise and relationships with the experience of industry veteran Bill Russell and the Eberle management team to continue to grow this successful Southwest-based company.”
Tri-Northern was formed by Brazos two years ago through the acquisition and merger of Tri-Ed Distribution and Northern Video System, and had bolted-on another three companies since.
Brazos is currently investing from its $715m third fund.
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