RA member Altus Group has announced that Pacific Equity Partners (PEP) has taken a majority stake in the business. This will enable Altus to accelerate its growth in Australia, New Zealand and beyond and to facilitate a greater focus on the use of data and technology to protect the safety of road workers and the wider community.
Altus Group Founder and Chair David Lundberg said:
“This partnership with PEP will enable Altus to achieve its ambition to provide the best global traffic management technology and data systems in Australia. It means Altus can continue the relentless pursuit of the highest standards of quality and safety for our people and our clients, and for the general public who depend on us to get home safely every day.”
The transaction follows Altus Group’s acquisition of Traffic Diversions Group (TDG), Victoria’s largest provider of traffic management services. TDG will be integrated with the Altus Group, which will continue to be chaired by David Lundberg and led by current management, including CEO Ben Marsonet.
Altus has also secured the exclusive Australian rights to technology from UK-headquartered Highway Resource Solutions (HRS). HRS is a road workers protection system that is now recognised as best practice in the United Kingdom for road maintenance safety, for both workers and road users.
