Insights
Benchmark International Successfully Facilitated the Transaction Between Shift Traffic Events Limited and Chevron Traffic Management Limited
January 12, 2022
Benchmark International is pleased to announce the acquisition of Scunthorpe-headquartered Shift Traffic Events to Oxfordshire-based Chevron Traffic Management.
Shift Traffic Events specialises in traffic management within the events and utilities sectors, including high profile events such as the London Marathon. The company employs over 150 people and has depots in Scunthorpe and Essex.
Chevron Traffic Management provides physical and digital traffic controls for organisations working within utilities, rail, high-speed network, local authorities and events which need to disrupt normal traffic flow. It has 30 depots across the UK, including one in Scotland which operates as Class One Traffic Management. The company has been owned by Triton, an international investment firm, since 2018.
Chevron Traffic Management is part of the Chevron Group of companies, which includes Chevron Green Services, Chevron Green Consultancy, Class One Traffic Management and Highway Resource Solutions (HRS).
The acquisition is part of the company’s buy and build strategy and will help Chevron Traffic Management to expand their existing capabilities in traffic management within the events and utilities sectors, alongside other specialisms like digital services and arboriculture.
Chris Morley, managing director of Shift Traffic Events, said: “This is a fantastic opportunity to combine the strengths of both businesses and to allow Shift to provide an enhanced service for our existing client base. This acquisition represents a key milestone in our history and will secure the long-term growth of our business. We are really excited to be part of the Chevron Group and are looking forward to the future together.”
Tim Cockayne, Chevron Group CEO, commented: “This is an exciting opportunity for Chevron Traffic Management to access additional expertise for the work we undertake in the utilities and events sectors.”
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Related Posts
Benchmark International Rolls Out New Interactive Publication of the MarkBenchmark International has released a new publication, The Mark, which is an award-winning publication that offers exclusive insights into the world of mergers and acquisitions and specialized guidance for business owners on a wide range of important topics.Kendall Stafford Recognized as Investment Banker of the Year and Benchmark International Earns Cross Border Deal of the Year at M&A Advisor AwardsAt the 23rd Annual M&A Advisor Awards, Kendall Stafford, Managing Partner at Benchmark International, was named Investment Banker of the Year.