Triton-backed AVS Verkehrssicherung bolts on Plank

Unquote understands that Plank will continue to operate independently and under its own name following the acquisition.

According to AVS, the transaction will further strengthen the company's presence in Germany and its core regions, in addition to consolidating the group's market position across Europe.

The bolt-on follows the recent acquisition of KMK Projekts, a Latvian provider of traffic safety products and road markings bought by AVS in August 2018.

Triton acquired AVS from Steadfast Capital Partners in November 2017 in a deal that valued the company at €203m. A consortium of banks including SEB, Unicredit, IKB, ING, RBI, LBBW, SMBC, Bank of Ireland, Deutsche Bank and Investec provided senior debt to support the transaction.

The GP is invested in the group via its fourth buyout vehicle, Triton Fund IV, which held a final close on €3.3bn in May 2013.

Company
Established in 1997 and based in Remseck am Neckar, Plank specialises in traffic and building site safety in the Stuttgart region and across Germany.

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

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• Topics
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• Triton Partners
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• Build-up