Munich-based civils and construction supplier, Dywidag Systems International (DSI) announced last week that it had been sold by joint owners Bank of America Merrill Lynch and Barclays Capital to European private equity investment firm, Triton.

“The new owner is both interested and dedicated to the success of DSI,” said DSI chairman and CEO, Alan Bate. “It is also clear from customers, suppliers and partners that our new found ownership and financial stability is welcomed. We also see this manifest in new approaches to work with DSI on projects and programs.”

Bank of America Merrill Lynch and Barclays Capital took over DSI in 2010 from CVC Capital Partners, though funds advised by CVC remained significant shareholders and continued to be represented on the board, DSI announced in April 2010 following the refinancing negotiations.

A spokesperson for Bank of America Merrill Lynch and Barclays Capital said at the time, “We share CVC’s confidence in DSI and are anxious to support management’s plans to develop the business going forward.”