Kürten- 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.