Triton-backed AVS Verkehrssicherung buys KMK

AVS Verkehrssicherung plans on strengthening its footprint across Europe with the acquisition.

The company is backed by Triton's buyout vehicle, Triton Fund IV, which acquired the asset in November 2017 from Steadfast Capital Partners. Under Steadfast's ownership, AVS almost tripled both its revenues and EBITDA.

AVS reported €9m EBITDA from sales of €40m in 2013, and the latest 2017 numbers are €26.1m adjusted EBITDA from sales of €94m, Unquote understood at the time of the deal.

Previous funding
Steadfast bought a majority stake in AVS Group from the firm's owner in November 2013. The GP aimed to grow the company organically and through add-on acquisitions.

The German road safety service was sold to Triton Partners by Steadfast in November 2017. The company was valued at around €203m, Unquote understood at the time. Triton drew equity for the investment from its €3.3bn vehicle, Triton Fund IV.

Company
Founded in 1994 and headquartered in Riga, KMK provides and installs crash barrier systems and offers road markings, both on urban roads and highways. In addition, KMK designs and plans permanent traffic flow and temporary traffic organisation services. The company's clients include both public authorities and municipalities, as well as private companies and individuals.

People
Triton Partners – Nadia Meier-Kirner (adviser to funds).

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