Deal profile | Gadens advises Construct Traffic on sale of its traffic management business
6 September 2022
Gadens has successfully advised Construct Traffic on the sale of its traffic management business to AVADA Group Limited (ASX:AVD), a national traffic management operator listed on the Australian Securities Exchange (ASX).
Founded in 2007, Construct Traffic is a leading provider of professional traffic management and traffic control services across Victoria. Construct Traffic operates a fleet of over 150 vehicles and 450 traffic controllers. The sale of the Construct Traffic business to AVADA Group Limited will drive the group’s strategic expansion and growth in the Australian civil infrastructure and maintenance sector.
Commenting on the transaction, special counsel Melissa Phillips said:
“We are pleased to have supported the founders of Construct Traffic on this transaction and look forward to seeing the momentum that AVADA Group will gain with a greater footprint throughout Victoria”.
Deal value: Up to $23m.
Practice group: Corporate.
Key team members: The Corporate Team was led by partner Jol Rogers who was supported by Melissa Phillips (Special Counsel) and Daphne Chiang (Lawyer). The Corporate Team was supported by a number of other practice groups in the firm, including Workplace Advisory and Disputes and Banking.