Highway Technologies Group goes for $85M

Wynnchurch Capital Partners and Oak Hill Special Opportunities Fund have signed a definitive agreement to acquire Highway Technologies Group from United Rentals Inc. (NYSE: URI). The Wall Street Journal pegged the sale price at $85 million. Highway Technologies Group provides traffic safety services and equipment used in road repair and maintenance. The buyout firms expect the company to grow both through internal expansion and through strategic acquisitions. Expect the transaction to close in the first quarter of 2007. www.unitedrentals.com www.wynnchurch.com