McGuireWoods advised Mascarene Partners, a middle-market infrastructure investment platform focused on North American transportation and industrial businesses, in forming its new strategic partnership with the management team of Reynolds Fence & Guardrail, Inc., a roadway infrastructure services company serving customers across the Southeast, announced on July 7, 2026.
Headquartered in Indian Trail, North Carolina, Reynolds provides guardrail installation and maintenance and related roadway safety services for state departments of transportation and leading infrastructure contractors. It operates a specialized fleet of equipment and experienced field crews that support safety-critical infrastructure projects. As part of the transaction, Mascarene facilitated the combination of two complementary roadway infrastructure businesses, creating a platform positioned to serve customers across the region.
Partners Tom Zahn, Jason Griffith and Brian Coughlan and associates Andrew Steiger and Robert Morlock led the McGuireWoods team. Partner Gretchen Woodruff advised on employment matters, while partner Shahrooz Shahnavaz advised on tax issues, and partner Phillip Coover advised on infrastructure and real estate aspects of the deal.
McGuireWoods’ private equity attorneys advise private equity firms, institutional investors, independent sponsors, emerging managers, family offices, investment advisers, management teams, lenders and portfolio companies. The firm earned nationwide rankings for M&A and private equity deal work in the Chambers USA and Legal 500 United States guides.