Triton's AVS Verkehrssicherung bolts on SRV Verkehrstechnik

AVS acquired the company to expand its product portfolio.

Triton acquired AVS in an SBO from Borromin (then known as Steadfast Capital) in November 2017. The deal was valued at around €203m, generating a 10.7x money multiple for Borromin. Triton deployed equity via Triton IV, which held a final close in May 2013 on €3.3bn. A banking consortium comprising SEB, Unicredit, IKB, ING, RBI, LBBW, SMBC, Bank of Ireland, Deutsche Bank and Investec provided senior debt to support the deal.

AVS has announced eight add-on acquisitions in Germany during Triton's investment period as part of its consolidation strategy in the road safety and traffic management services sector. The company reported sales of €107m in 2019 and employs 1,150 people.

Company
Founded in 1990, SRV provides road marking and construction site safety services. It also rents, sells and installs traffic safety equipment. The company is based in Limbach-Oberfrohna and employs 26 people.

People
SRV Verkehrstechnik – Sven Reibisch (managing director).
AVS Verkehrssicherung – Dirk Schönauer (chief operating partner).
Triton – Nadia Meier-Kirner (investment advisory professional).

Advisers
Acquirer – Arqis Rechtsanwälte, Jörn-Christian Schulze (legal).

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• Topics
• Portfolio management
• DACH
• Industrials
• Build-up
• Germany
• Triton Partners