Chevron Traffic Management acquires Traffic Management Services Ltd.

12.04.2019

Stockholm (Sweden) / Thame (UK), 12 April 2019 – Chevron Traffic Management Ltd (Chevron TM), a Triton Fund IV company, has acquired Traffic Management Services Ltd (TMS). Terms of the transaction are not disclosed.

Established in 1982 and based out of Retford (UK), TMS specializes in the low-speed and events sector, operating predominantly across the Midlands and the North East. The firm employs more than 100 staff across three depots in Retford, Leeds and Horncastle, Lincolnshire.

Founded in 1997 and headquartered in Thame, Chevron TM employs more than 500 people at ten regional depots across the UK. The company has annual sales of more than £70m.

Chevron TM is the largest independent traffic management company operating throughout England and Wales. The company specializes in the provision of temporary traffic management in accordance with NHSS 12A, B, C & D. Managing any level of contract, Chevron TM gives unrivalled support from the consultation and design phase, right through to work completion and sign-off.

“This deal is an exciting step in the future development of Chevron and TMS, which will lead to new growth opportunities for both businesses in the future. TMS has fast become one of the most respected firms in the low-speed traffic management and events sector. It has a great team of people behind it and we’re looking forward to working with them to help strengthen their position as a leading firm in their sector,” said Tim Cockayne, CEO of Chevron TM.

Chevron TM was acquired by Triton Fund IV in April 2018.

About Chevron TM

Chevron TM is the largest independent traffic management company operating throughout England and Wales. The company specializes in the provision of temporary traffic management in accordance with NHSS 12A, B, C & D. Managing any level of contract, Chevron TM gives unrivalled support from the consultation and design phase, right through to work completion and sign-off.

For further information: www.chevrontm.com

About Triton

Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.

The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton's portfolio have combined sales of around €13.6 billion and around 84,500 employees.

For further information: www.triton-partners.com

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Fredrik Hazén