Platinum Equity has signed an agreement to acquire American Traffic Solutions from W Capital Partners.
American Traffic Solutions (ATS) is a provider of red-light, speed, and school bus stop arm safety cameras and also provides toll and violations management services to truck fleets and car rental agencies. The company’s PlatePass product provides centralized electronic toll payment services that enables fleets and agencies to take advantage of high-speed, cashless toll lanes with or without an in-vehicle transponder. ATS has more than 3,500 red-light, speed, and school bus stop arm safety cameras in operation in the US. The company was founded by James Tuton in 1987 and is based in Mesa, AZ (www.atsol.com) (www.atsfleetsolutions.com).
“ATS is a strong company with great leadership and vision, and a workforce dedicated to providing their customers with superior service,” said Jacob Kotzubei, a Partner at Platinum Equity whose team led the acquisition. “We expect the company will benefit from Platinum Equity’s financial and operational resources, enabling continued investment in technology and new products.”
“This transition to new ownership will position ATS for growth well into the future as we continue to provide our customers with smarter, safer transportation solutions,” said ATS President and COO David Roberts. “We look forward to being part of Platinum Equity’s impressive portfolio of high-performing companies.”
Platinum Equity invests in a range of industries including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, and telecommunications. The firm has completed nearly 185 acquisitions since its founding in 1995. Platinum is based in Beverly Hills with additional offices in New York and London (www.platinumequity.com).
W Capital Partners provides growth equity financing and capital for minority secondary buyouts. The firm was founded in 2001 and is based in New York (www.wcapgroup.com).
© 2017 Private Equity Professional | April 20, 2017
