M&A Deal Summary

Rekor Acquires Southern Traffic Services

On May 16, 2022, Rekor acquired business services company Southern Traffic Services for 15M USD

Acquisition Highlights
  • This is Rekor’s 1st transaction in the Business Services sector.
  • This is Rekor’s 2nd largest (disclosed) transaction.
  • This is Rekor’s 4th transaction in the United States.
  • This is Rekor’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-05-16
Target Southern Traffic Services
Sector Business Services
Buyer(s) Rekor
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Southern Traffic Services

Gulf Breeze, Florida, United States
website
Southern Traffic Services is a provider of traffic engineering expertise that includes design, planning, and traffic study services to government and private agencies across the United States with a strong footprint in the Southeast. Southern Traffic Services was founded in 1988 and is headquartered in Gulf Breeze, Florida.

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Buyer(S) 1

Buyer

Rekor

Columbia, Maryland, United States

website

Category Company
Founded 2017
Sector Business Services
Employees108
Revenue 14M USD (2021)
DESCRIPTION

Rekor is a professional services firms. Rekor focuses on the logistics of procuring highly-specialized human resources and delivering critical definitive knowledge to the right place at the right time. Rekor was founded in 2017 and is based in Columbia, Maryland.

DEAL STATS #
Overall 4 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Florida) 1 of 1
Country (United States) 4 of 5
Year (2022) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Waycare Technologies

Sherman Oaks, California, United States

Waycare Technologies is a developer of a cloud-based platform designed to offer proactive traffic management. Their solution uses artificial intelligence (“AI”) to aggregate and process data from various sources to help government agencies with crash prediction, congestion detection, as well as incident management, and identification. Waycare Technologies was founded in 2016 and is based in Sherman Oaks, California.

Buy $61M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 All Traffic Data Services

Wheat Ridge, Colorado, United States

All Traffic Data Services provides traffic data collection and reporting, consulting services, and transportation asset management to a multitude of civil engineering firms, state and local transportation networks, commercial establishments, and cities across the US. All Traffic Data Services was founded in 2001 and is based in Wheat Ridge, Colorado.

Buy -
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