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

  • Driverless vehicles will cause changes in society
    May 31, 2013
    Paul Godsmark gives his views on what the advent of autonomous vehicles would mean for the wider society. Further to your article ‘Driver not required…’ in the Jan/Feb edition of ITS International which gave some great background to autonomous road vehicle (ARVs), I feel that the bigger picture is needed to aid understanding. There is a ‘technology freight train’ heading our way that is going to transform our roadways but we don’t seem to be aware of it and, therefore, are in no hurry to react.
    Read More
  • Verizon acquisition boosts fleet management portfolio
    August 3, 2016
    In a deal worth around US$2.4 billion, US-based Verizon Communications is to acquire Fleetmatics Group as it seeks to accelerate its position as a provider of fleet and mobile workforce management solutions. Fleetmatics has developed a wide range of software as a service (SaaS)-based products and solutions for small and medium-sized businesses. According to Verizon, the combination of products and services, software platforms, strong customer bases, domain expertise and experience, as well as the recent
    Read More
  • Drover AI raises $5.4m
    August 3, 2022
    Money will be used to scale delivery on existing orders and integrate new technology
    Read More
  • Global road safety market expected to reach US$5.73 billion by 2019
    March 26, 2015
    The latest report by Marketsandmarkets, "Road Safety Market by Types (Highways and Bridges Safety, Urban Roads Safety and Tunnels Safety) & Systems (Red Light Enforcement, Speed Limit Enforcement, Bus Lane Enforcement, Communication, Incident Detection) - Worldwide Market Forecast (2014-2019)", indicates that the road safety market is expected to grow from US$3.37 billion in 2014 to US$5.73 billion in 2019, at a compound annual growth rate (CAGR) of 11.2 per cent from 2014 to 2019. In terms of regions,
    Read More

Highlighted Content