Deals
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Mazars Deal advisory advises on the sale of Class One to Chevron
Our Deal advisory team has successfully advised the shareholders of Class one Traffic Management Limited (“Class One”) on its sale to Chevron Traffic Management Limited (“Chevron”).
Class One is Scotland’s leading traffic management company, specialising in all temporary traffic management solutions. Chevron specialise in the provision of temporary traffic management throughout England and Wales. Chevron was acquired by Triton Partners in 2018, the acquisition provides Chevron with a significant Scottish operation and will result in the combined Group dominating Traffic Management within the UK market.
“We are delighted to welcome Class One TM to Chevron. Class One TM is a perfect fit for our group. As well as being the leading traffic management company in Scotland, it shares our commitment to be the leading Work Zone Safety Company in the UK. We are looking forward to sharing experiences and opportunities to our mutual benefits.”
Tim Cockayne, Chevron CEO
Chevron TM is at the forefront of embracing technology to deliver innovative digital services to its customers.
“This is a very exciting time for Class One TM. We have built a strong reputable business within Scotland for almost 30 years and are ready to open a new chapter for the company, our customers and our employees. This partnership will bring a range of benefits, from improved systems to a wider range of customer services including digital services. We are very proud of our success to date and look forward to maximising the opportunities which will come through Chevron TM and of playing a key role in their continued growth.”
Mike Healey, Class One Managing Director
“We are delighted to have advised the shareholders of Class One TM in their sale to Chevron. This is a really exciting deal which creates real added value to both businesses and a unique proposition to the UK TM market. To execute a transaction like this in the current climate is testament to the leadership teams of these businesses and their respective advisory teams who have all worked tirelessly to get this deal over the line.”
Kevin Windram, Partner, Mazars Deal Advisory
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