Triton-backed AVS bolts on Fero

The existing shareholders of Fero, the Haerens family, will remain shareholders in the group and directors of Fero.

Triton bought AVS from Steadfast Capital in 2017, drawing equity from its €3.3bn vehicle Triton IV. The fund is now 96% deployed. The acquisition is part of Germany-based AVS's European expansion strategy.

Company
Founded in 2001, the Fero gorup consists of Fero Signalisatie and its affiliates Admibo, Signaroute, Signco and Safetybloc. The group provides services in temporary traffic management, road marking, traffic signs, traffic management systems and maintenance of public planters and baskets.

Fero's customer base primarily comprises construction, utility and telecommmunications companies, as well as the Belgian government. Fero has more than 300 employees across seven locations in Flanders and one in Wallonia. The company is headquartered in Willebroek.

People
Triton – Luc Hendriks, (operating partner); Nadia Meier-Kirner (investment advisory professional).
AVS Verkehrssicherung – Dirk Schönauer (managing director).
Fero Group – Freek Haerens, Friso Haerens (co-CEOs).

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• Topics
• Expansion
• DACH
• Industrials
• Germany
• Belgium
• Triton Partners
• Build-up
• Buy-and-build