LDC-backed SRL Traffic Systems appoints Adrian Murphy as chief operating officer

Following a period of substantial investment and strong revenue growth, SRL Traffic Systems, the UK and Republic of Ireland’s leading manufacturer and supplier of mobile intelligent transport system (ITS) equipment, has appointed Adrian Murphy as chief operating officer.

Adrian is highly experienced, with a proven track record of growing both private and publicly quoted organisations. He joins from Blue Group – a leading specialist provider of material processing and handling equipment – where he was chief executive officer. Adrian has previously held senior positions within major rental businesses Speedy and Hewden, technology service provider Chubb Systems and worldwide power tool manufacturer Hilti.

Supported by SRL’s senior management team, Adrian will provide strategic leadership to steer the business forward during its next stage of growth. As part of the company’s continued investment in innovation and customer engagement, he will help to drive new product and service developments and explore fresh market and sector opportunities.

SRL Traffic Systems secured a £24million investment from leading mid-market private equity investor LDC in 2019 to accelerate its organic growth. Since then the business has delivered a 28% increase in revenues, and is on track for double-digit growth in its current financial year.

Commenting on his appointment, Adrian said: “I am delighted to have joined SRL – this is exactly the type of opportunity that motivates me. SRL is at an exciting point in its development and is ready to further capitalise on growth opportunities. We have ambitious goals ahead and SRL is well-placed to achieve them with strong investor support, exceptional products, first-class employees and a well-deserved reputation for outstanding service. I’m really looking forward to the next phase of its development.”

Richard Tredwin, SRL’s chief executive officer, added: “On behalf of SRL, I would like to welcome Adrian to the business. Having achieved incredible growth over the last two years, SRL is now a leading name in mobile intelligent transport solutions and it is well positioned for an exciting future ahead. SRL has benefitted from considerable investment and Adrian’s expertise will be instrumental in scaling the business and generating further growth to help us fulfil our potential.”

Adrian’s appointment follows a period of rapid development at SRL. As well as expanding its VMS offer with new products for the high speed and compact markets, SRL developed its traffic light range to include adaptive detection system technology, enhanced its CCTV offer, expanded its management and board team and opened the largest ITS depot in the UK and RoI.