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

  • Winners of ITS America Hall of Fame Award announced at ITSA2016
    May 26, 2016
    David St Amant and Robert E Skinner have been named as the ITS America Hall of Fame Award winners for 2016. Established to recognise members whose contributions to the profession and service to ITS America has been significant, substantial and long-standing, inductees are selected annually based on their position as a thought leader in the ITS field and a champion of the ITS vision. St Amant and Skinner will be inducted during the ITS America 2016 San José Board of Directors meeting on Sunday June 12.
    Read More
  • Bosch to acquire 5% indirect ownership stake in Here Technologies
    January 8, 2018
    Bosch is acquiring a 5% ownership stake from Here Technologies’ (Here) indirect shareholders Audi AG, BMW Group and Daimler AG to help boost its services business. The deal also assists Here in its goal of becoming a global provider of data-based real-time location services to clients within and outside of the automotive industry. It is expected to be concluded by the end of the first quarter of 2018. Both parties have agreed not to disclose the purchase price of the acquisition which is still subject to a
    Read More
  • Ability to keep in touch on US buses woos travellers
    February 1, 2012
    David Crawford finds evidence of a new trend in American intercity travel: that better access to data sources on the move is tempting passengers away from air travel and onto surface modes. In the US the ease of use of Portable Electronic Devices (PEDs) is successfully wooing long-distance travellers away from airlines and onto surface public transport, according to just-published research. Using data from field observations of 7,028 passengers travelling by bus, air and train in 14 US states and the Distri
    Read More
  • Ability to keep in touch on US buses woos travellers
    February 1, 2012
    David Crawford finds evidence of a new trend in American intercity travel: that better access to data sources on the move is tempting passengers away from air travel and onto surface modes. In the US the ease of use of Portable Electronic Devices (PEDs) is successfully wooing long-distance travellers away from airlines and onto surface public transport, according to just-published research. Using data from field observations of 7,028 passengers travelling by bus, air and train in 14 US states and the Distri
    Read More

Highlighted Content