Triton's AVS Verkehrssicherung announces two add-ons

Triton bought AVS in November 2017 from Borromin Capital. At the time of the acquisition, the company had 500 staff and reported revenues of €94m with EBITDA of €26.1m. The company was valued at around €203m and the buyout was supported by senior debt from a banking consortium that included SEB, Unicredit, IKB, ING, RBI, LBBW, SMBC, Bank of Ireland, Deutsche Bank and Investec, according to Unquote sister publication Debtwire.

The GP deployed equity from its fourth vehicle, which held a final close in May 2013 on €3.3bn. The fund was 96% deployed as of June 2018.

The company now has 1,100 staff. AVS has made a number of add-ons during Triton's investment period, with Gerding and MIS marking the seventh and eighth bolt-ons. AVS acquired traffic equipment and safety service Fero Group in June 2019 and Implenia SVA in January 2020.

Company
Both MIS and Gerding are based in Senden and have 25 employees in total. Founded in 2004, Gerding supplies, delivers and installs road equipment such as gantries, cantilevers, road signs and LED message signs. MIS manufactures, rents and installs mobile traffic jam warning and information systems, including mobile LED signs.

People
AVS Verkehrssicherung – Andreas Schwingeler (chief operating officer).
Gerding/MIS Mobile Informationssysteme – Thomas Gerding (managing director).

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• Topics
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• Build-up
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• Triton Partners