The deal will enable Altus Group to accelerate its growth in Australia and New Zealand
Gilbert + Tobin (G+T) has confirmed its role in the sale of Altus Group, Australia’s largest full-service traffic management business, to private equity firm Pacific Equity Partners (PEP).
Altus Group founder and chair David Lundberg confirmed that the transaction will enable the company to accelerate its growth in Australia and New Zealand and facilitate a greater focus on the use of data and technology to protect the safety of road workers and the wider community.
“This partnership with PEP will enable Altus to achieve its ambition to provide the best global traffic management technology and data systems in Australia,” Lundberg said. “It means Altus can continue the relentless pursuit of the highest standards of quality and safety for our people and our clients, and for the general public who depend on us to get home safely every day.”
At present, the terms of the sale have not been disclosed. Notably, the deal follows Altus Group’s acquisition of Traffic Diversions Group, Victoria’s largest provider of traffic management services.
Partner David Josselsohn led the G+T corporate advisory team alongside lawyers Muli Zhou and Rohit Duggal. The team advised Altus Group on all aspects of the transaction. Several specialists from across the firm also provided legal support.
