Triton has signed an agreement to acquire AVS Verkehrssicherung
Kürten (Germany), 28 November 2017 - Funds advised by Triton ("Triton") and AVS management have signed an agreement with funds advised by Steadfast Capital to acquire AVS Verkehrssicherung GmbH, the leading highway traffic safety services provider in Germany. Terms of the acquisition were not disclosed. The transaction is subject to regulatory approval.
"We want to support the management and employees of this business by investing in and supporting the growth and development of the company. We will contribute our strategic insights from the industry and region. We look forward to working together with the management team and the Board of Directors in building a stronger company", said Peder Prahl, Director of the General Partner for the Triton funds.
"AVS Verkehrssicherung, as the market leader in Germany, has been continuously building its current presence over the last years. This transaction is an important milestone, enabling us to continue with our strategic efforts. We welcome Triton as a new majority owner and a respected investor that will embrace and support the execution of our plans for further developing the company for the future", said Dieter Berghaus, CEO of AVS Verkehrssicherung.
“We look back on four very successful years as AVS’s majority shareholder during which we worked together with AVS’s management to develop Germany’s leading traffic safety services group, which offers its extensive range of services and products in all of Germany’s key regions. AVS is superbly positioned for its next phase of growth,” said Marco Bernecker, Managing Partner of Steadfast Capital.
“AVS Verkehrssicherung is a great company with an impressive growth profile. We are convinced about the positive fundamentals of this industry segment and are looking forward to supporting the growth in the coming years”, added Nadia Meier-Kirner, Investment Advisory Professional and Advisor to the Triton Funds.
About AVS Verkehrssicherung
AVS Verkehrssicherung is a leading specialist provider of highway traffic safety services in Germany. The Company, headquartered in Kuerten, offers all essential services throughout highway traffic-safety projects. These services range from initial planning and obtaining permits to complete construction site setup and security. AVS has a nationwide presence with 14 locations across Germany and around 500 employees.
For further information: www.avs-verkehrssicherung.de
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
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 33 companies currently in Triton's portfolio have combined sales of around €14.7 billion and around 91,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com