Australia's PEP buys traffic management business
Pacific Equity Partners (PEP) has acquired a majority stake in Altus Group, which claims to be Australia’s largest provider of traffic management services.
The size of the deal was not disclosed, but The Australian reported that it valued Altus at approximately AUD 200m (USD 142m). The 20-year-old company calls on 2,000 staff and thousands and specialised...
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