William Blair acted as the exclusive financial advisor to Global Traffic Technologies (GTT), a global leader in priority traffic control technology for public transit and emergency vehicles, in connection with its sale to Gilbarco Inc. from TorQuest Partners. The transaction signed and closed on August 15, 2016. The sale of GTT continues William Blair’s expertise in advising industrial technology companies.
Transaction Highlights
- Deep sector knowledge and positioning expertise: William Blair’s extensive knowledge and experience in industrial technology, along with the firm’s strong relationships with likely strategic and financial buyers, were key considerations in TorQuest engaging William Blair. Thoughtfully articulating the company’s technology value proposition, market-leading position and strategic value were pivotal in generating strong buyer interest from strategic and financial buyers and optimizing value.
- Process and execution excellence:William Blair was integrally involved in each step of the transaction process, resulting in a highly efficient process that solicited global interest from strategic and financial buyers and generated an exceptional outcome.
- Highly strategic transaction: The acquisition of GTT adds traffic management technology solutions to Gilbarco Inc.
About the Companies
GTT is a global leader in priority traffic control for public transit and emergency vehicles, with a growing presence in the broader public transport market for solutions that improve public transportation travel times, fuel costs, and on-time performance. The company uses its patented technology to connect and communicate with intersections, vehicles, and emergency/transit operating systems to monitor, assess, and take real-time action to change traffic flow so that emergency and transit vehicles get to their destinations as quickly and safely as possible.
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