Australian full-service traffic management business Altus Group has announced the full acquisition of Traffic Management NZ (TMNZ).

Altus – majority owned by Pacific Equity Partners (PEP) – aims to be the leading full-service traffic management company in the ANZ region.

Ben Marsonet, Group CEO of Altus, said entering the New Zealand market has been a long-term strategic goal.

“TMNZ is a market-leading business with a strong track record of growth, talented people, and a reputation for delivering safe and efficient work zones across New Zealand,” he said.

“We are delighted to have the opportunity to work with TMNZ, to continue to invest in its people, systems and capacity – and to deploy our priority digital solutions to further improve safety on New Zealand’s roads.” TMNZ is led by managing director and founder Dean Kebbell with a 500-strong team across 19 New Zealand locations.

“Traffic Management NZ has been an amazing part of our lives for more than 22 years,” Kebbel said.

“We are delighted to find a partner in Altus, that will enable us to take the business to the next level and bring our incredible team with us.

“The size of the opportunity in front of TMNZ is significant and requires investments, systems and structures that would be difficult for us to deploy alone,” he said.

“Ben and the team at Altus have seen the potential in our people and our business and we are very excited about what the future holds as we move forward together.”

The acquisition of TMNZ follows recent acquisition activity by Altus in Australia. With TMNZ now part of the Altus Group, its business employs 4500+ staff, operates a fleet of 2500+ vehicles and services 50+ local communities across Australia and New Zealand.