Triton-backed AVS to acquire a majority stake in Fero Group.

Triton-backed AVS, a provider of traffic management services, agreed to acquire a majority stake in Fero Group, a provider of temporary traffic management services. Financial terms were not disclosed. "This transaction was strongly backed by Triton and underlines our commitment to invest into the future growth and profitable development of Fero. It is another important step to grow our international footprint in work zone safety services,” Nadia Meier-Kirner, Triton Investment Advisory Professional.