Chevron TM acquires Acones, Arborforce and Sun Traffic
Stockholm (Sweden) / Thame (UK), 09 October 2019 – Chevron Traffic Management Ltd (Chevron TM), a Triton Fund IV portfolio company, has acquired Sun Traffic Ltd (Sun Traffic). Chevron has also acquired the two sister companies Acones Ltd. (Acones) and Arborforce Ltd. (Arborforce).
Established in 1992, Sun Traffic Ltd. is a leading specialist in the provision of traffic management services within the low-speed and events sectors. Operating predominantly in the South of England, Sun Traffic employs more than 70 staff across five depots in Godalming, Wantage, Ringwood, Tewkesbury and Somerton.
Established in 2009, Acones is a leading specialist in the provision of Highways Sector Scheme 12C Mobile Traffic Management. Its sister company Arborforce, established in 2002, specialises in the provision of arboriculture services including highways soft estate management, scheme site clearance, and tree works. Operating predominantly in the South of England, Acones and Arborforce employ more than 50 staff across three depots located in Essex, the London Borough of Hillingdon, and Oxfordshire.
“Sun Traffic is a highly respected player in the low-speed and event traffic management space and we look forward to working with the management team to introduce our digital technologies to support further growth and development of the organisation. Acones and Arborforce are providing new specialisms to our current service offering and we are keen to roll these out nationally across the group.”, said Tim Cockayne, CEO of Chevron TM.
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
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 40 companies currently in Triton's portfolio have combined sales of around €16 billion and around 77,600 employees.
For further information: www.triton-partners.com