Wiggin and Dana Advises Highway Toll Administration, LLC in Acquisition by Platinum Equity Partners Portfolio Company
Wiggin and Dana represented Highway Toll Administration, LLC and its equityholders ("HTA") in its sale to American Traffic Solutions ("ATS"), a portfolio company of California-based Platinum Equity Partners. HTA is the leading electronic toll collection and traffic violation management provider in the country, serving both the rental car industry and other large commercial fleets. The combined organization will process toll payments for approximately 7 million vehicles annually. The transaction was completed on March 1, 2018.
Advising HTA in the transaction were Corporate partners William Perrone and Evan Kipperman, Corporate counsel James Greifzu, Corporate associates Patrick Newsum and Timothy Wright, and Tax partner Peter Gruen. Additionally, Corporate partner Paul Hughes and Corporate associate Laura Sousa advised HTA on the financing aspects of the transaction.
For more information about the transaction, please see the press release issued by Platinum Equity here.
For more information about the Wiggin and Dana Mergers and Acquisitions Practice, please click here.