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Pacific Equity Partners acquires Altus Group
Altus Group has been bought by a private equity firm, in a partnership that will help the traffic management company “go from strength to strength” moving forward.
Lauren Croft
Firm: Gilbert + Tobin (Altus Group)
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Deal: G+T has advised Australia’s largest full-service traffic management business, Altus Group, on its sale to Pacific Equity Partners.
Value: Undisclosed
Area: Merger and acquisition
Key players: The G+T team was led by corporate advisory partner David Josselsohn together with lawyers Muli Zhou and Rohit Duggal.
Deal significance: Altus Group is Australia’s largest provider of traffic management services, operating across more than 20 locations providing traffic control, traffic engineering, event management and civil training services.
Commenting on the deal, David Josselsohn said: “We are pleased to have advised and supported the shareholders of Altus on this milestone transaction for them. We are excited to watch Altus go from strength to strength under their partnership with PEP”.
