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Announced

Completed

Triton Partners-backed Chevron TM completed the acquisition of Class One Traffic Management.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Private

Completed

Friendly

traffic management services

Majority

Domestic

Single Bidder

Transportation Services

Acquisition

Private Equity

Synopsis

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Triton Partners-backed Chevron TM, a traffic management company, completed the acquisition of Class One Traffic Management, a Scottish traffic management company. Financial terms were not disclosed. “We are delighted to welcome Class One TM to Chevron. Class One TM is a perfect fit for our group. As well as being the leading traffic management company in Scotland, it shares our commitment to be the leading Work Zone Safety Company in the UK. We are looking forward to sharing experiences and opportunities to our mutual benefits," Tim Cockayne, Chevron CEO.

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