ATS provides road safety cameras and toll and violations management solutions throughout North America. The company has more than 3,500 installed school bus stop arm, red-light and speed safety cameras serving more than 30 million people. ATS’s Fleet Services business provides both toll and violation management solutions to fleets and rental customers.
According to Jacob Kotzubei, the partner at Platinum Equity whose team led the acquisition, he expects the company to benefit from Platinum Equity’s financial and operational resources, enabling continued investment in technology and new products.
ATS president and COO David Roberts said the move will benefit ATS’s long-term strategic plans and the transition to new ownership will position ATS for growth well into the future.
Investment firm Platinum Equity is to acquire Arizona-based 17 American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed.
