Private equity firm to acquire American Traffic Solutions

Investment firm Platinum Equity is to acquire Arizona-based American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed. ATS provides road safety cameras and toll and violations management solutions throughout North America. The company has more than 3,500 installed school bus stop arm, red-light and speed safety cameras serving more than 30 million people. ATS’s Fleet Services business provides both toll and violation management solutions to fleets and rental customers. Accordin
April 19, 2017 Read time: 1 min
Investment firm Platinum Equity is to acquire Arizona-based 17 American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed.


ATS provides road safety cameras and toll and violations management solutions throughout North America. The company has more than 3,500 installed school bus stop arm, red-light and speed safety cameras serving more than 30 million people. ATS’s Fleet Services business provides both toll and violation management solutions to fleets and rental customers.

According to Jacob Kotzubei, the partner at Platinum Equity whose team led the acquisition, he expects the company to benefit from Platinum Equity’s financial and operational resources, enabling continued investment in technology and new products.

ATS president and COO David Roberts said the move will benefit ATS’s long-term strategic plans and the transition to new ownership will position ATS for growth well into the future.

Enforcement

For more information on companies in this article

Related Content

  • Bestpass expands coverage to include all US Toll roads
    April 4, 2016
    Bestpass, which provides single-source payment and streamlined toll management services to commercial fleets, has expanded its services, to include Bestpass Complete, giving customers a single device for all tolls, and the Freedom Service, effectively expanding toll coverage to include all US toll roads. Bestpass Complete gives customers a single solution for national toll coverage in one device, with optional weigh station bypass compatibility and comprehensive reporting for all major US toll roads. Fl
    Read More
  • Rekor to acquire Waycare for $61m
    August 17, 2021
    Waycare AI platform to integrate with Rekor One 
    Read More
  • Connected vehicle trials get big backing from USDOT
    March 14, 2016
    Connected vehicle technology will emerge as a sustainable reality at three sites in the US over the next four years. Jon Masters reports. Advocates of connected vehicle (CV) technology have received a welcome boost from news that the US government has committed a further $4 billion towards automated vehicle research and CV technology. This comes hot on the heels of the US Department of Transportation’s $42 million CV pilot pledge in October last year.
    Read More
  • San Francisco to build 'equitable' public transit
    May 3, 2021
    ConnectSF collaboration seeks projects to ensure sustainable transportation in city
    Read More

Highlighted Content